Announced Wed, 30 Sept, 2026 · 11:18 IST
Indo Borax acquires 64.26% stake in Kronox Lab Sciences, becomes promoter
KRONOX · price
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Price reaction · full curve 14 horizons · vs prior close
-5.3%1-day move
₹217.00
prior close
₹220.45
base price
In-mkt
timing
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-0.2-0.2-1.6-1.8-5.3-7.9-4.8-3.0-7.4—————
Up moveDown movePending
AI summary
Indo Borax and Chemicals has bought 2,38,44,000 equity shares (about 64.26%) of Kronox Lab Sciences from three sellers under a Share Purchase Agreement dated August 20, 2026. The deal closed on September 29, 2026 via off-market purchase. Indo Borax becomes the new promoter with sole control of the company, and PAC Zenrock Chemicals joins the promoter group. The acquirer held no shares in Kronox before this deal.
Likely market impact
Change of promoter and control at Kronox Lab Sciences; existing shareholders may see an open offer from the new acquirer.