Announced Fri, 4 Sept · 17:21 IST
Indo Borax files Draft Letter of Offer for open offer on Kronox Lab
KRONOX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.5%1-day move
₹184.35
prior close
₹185.00
base price
After-mkt
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AI summary
Indo Borax and Chemicals (Acquirer) along with Zenrock Chemicals (PAC) has filed the Draft Letter of Offer with SEBI for an open offer on Kronox Lab Sciences. Offer is for up to 95.7 lakh shares (25.79% of voting capital) at Rs 157.27 per share in cash, totaling about Rs 150.5 crore. This follows a Share Purchase Agreement where existing promoters are selling 64.26% stake at Rs 103.22 per share. Tendering period: Oct 15 to Oct 29, 2026. Offer is unconditional.
Likely market impact
Existing promoters will exit and reclassify to public post-deal. Shareholders can tender at Rs 157.27 between Oct 15 and Oct 29, 2026.