The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zenrock Chemicals Pvt Ltd & PACs
INDOBORAX · price
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Zenrock Chemicals Private Limited along with three PACs (India Special Assets Fund III, ISAF III Onshore Fund, and Special Situation India Fund) has acquired 1,63,00,230 equity shares (50.80% of total share capital) of Indo Borax & Chemicals Ltd from the promoter Jain family through an off-market deal under a Share Purchase Agreement dated December 15, 2025. The acquisition was completed on January 23, 2026 at ₹256.30 per share. The acquirer and PACs held Nil shares before this transaction, and the detailed public statement was published on December 22, 2025, indicating this was made during the open offer period. This represents a complete change of control of the listed company.
This is a change-of-control event. Existing shareholders should watch for the mandatory open offer to tender their shares. The new controlling shareholders (a private company plus PE/alternative investment funds) may drive strategic changes in the company going forward.