The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zenrock Chemicals Pvt Ltd & PACs
INDOBORAX · price
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Zenrock Chemicals Pvt Ltd (Promoter group) and its PACs (Special Assets Fund III, ISAF III Onshore Fund, Special Situation India Fund) acquired 24,44,534 equity shares representing 7.62% of Indo Borax & Chemicals Ltd on April 30, 2026, pursuant to an open offer to public shareholders. Before the acquisition, the promoter group held 1,63,00,230 shares (50.80%), of which 98,82,230 shares (30.80%) were under encumbrance. After the acquisition, total holding increased to 1,87,44,764 shares (58.41%). The encumbered shares remained unchanged at 98,82,230 (30.80%). The total share capital is 3,20,90,000 equity shares of Rs. 1/- each.
Promoter holding crossed the 58% mark via open offer acquisition, strengthening control. The substantial increase in promoter stake is positive for existing shareholders as it signals confidence in the company. The existing pledge of 30.80% of shares remains unchanged.