Zenrock Chemicals and PACs acquire 50.80 percent stake in Indo Borax from promoters

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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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AI summary

Zenrock Chemicals and three PAC funds (India Special Assets Fund III, ISAF III Onshore Fund, Special Situation India Fund) bought 1,63,00,230 shares (50.80 percent) of Indo Borax from the promoter family on Jan 23, 2026 via an off-market Share Purchase Agreement dated Dec 15, 2025 at INR 256.30 per share. Zenrock now holds 30.80 percent, while the three PACs hold 7.44 percent, 7.56 percent and 5.00 percent respectively. Acquirer and PACs held nil shares before this deal. A detailed public statement was published on Dec 22, 2025.

Likely market impact

Change of control. Acquirer group now holds 50.80 percent majority stake. Promoter family fully exits. Open offer process is underway.