Announced Mon, 6 Apr · 20:00 IST
Open Offer for 26% at ₹256.30 triggered by 50.80% stake sale to Zenrock Chemicals
INDOBORAX · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹254.00
prior close
₹253.94
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.1+0.3-0.4+0.0-0.0+0.3+0.8+0.4+0.1+11.4+6.5+46.5+62.6
Up moveDown movePending
AI summary
Zenrock Chemicals, with three EAAA India Alternatives funds as PACs, is buying 50.80% (1.63 cr shares) of Indo Borax from the Jain family promoters at ₹256.30/share (₹417.77 cr total) via an SPA dated Dec 15, 2025. This triggers a mandatory open offer for an additional 26% (83.43 lakh shares) at ₹256.30, worth up to ₹213.84 cr. Sunil Malhotra will become the new promoter. No delisting planned.
Likely market impact
Existing promoter group fully exiting. Public shareholders can tender shares at ₹256.30 in the open offer. Change of control to Zenrock/Sunil Malhotra.