Promoter group exits Indo Borax, sells 50.79% stake off-market
INDOBORAX · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and in line with its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter and promoter group members of Indo Borax and Chemicals have sold their entire equity holdings in the company, about 1.63 crore shares or 50.79 percent of paid-up capital, via off-market transfers on Jan 23, 2026. Total deal value is roughly Rs 418 crore. Sellers include Sajal Sushilkumar Jain, Sreelekha Sajal Jain, Shubhra Jain Sivaradjou, Saumya Sajal Jain, Pranika Saumya Jain, and Sajal Sushilkumar Jain HUF. All moved to nil holding post-sale.
Complete promoter exit. Loss of promoter control and possible change in ownership. Stock likely to see significant pressure.