Indo Borax completes 64.26% takeover of Kronox Lab Sciences

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

KRONOX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹217.00

prior close

₹217.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.1% vs market

Specialty Chemicals peers, median of 97sector+0.0%-1.4% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.4 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

+0.1

15m

-0.0

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-0.3-1.1+0.0-1.4

Next day

-5.3-1.5-3.7-1.0-4.2

-7.9-1.5-6.4-1.3-6.6

-4.8-0.2-4.5+0.5-5.2

-3.0-0.5-2.5+0.4-3.4

-7.4-3.2-4.1-1.7-5.7

-4.1-2.2-1.9-1.3-2.8

15d

-11.6-9.5-2.2-9.2-2.4

-13.8pendingpending-8.3-5.5

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indo Borax and Chemicals completed 64.26% takeover of Kronox Lab Sciences by buying 2,38,44,000 shares from three promoter-sellers. Board reconstituted: Suresh Kalra as new MD and CEO; Sunil Malhotra and Harsh Malhotra as executive directors; plus three new independents and a new CFO. Outgoing MD, two executive directors, CFO and three independent directors resigned. Selling promoters signed 3-year consultancy pacts at Rs 2.10 crore each.

Likely market impact

Major change of control with new promoter Indo Borax. Selling promoters exit the board yet stay on as paid consultants for 3 years.