Indo Borax opens Rs 157.27 per share offer for up to 25.79% of Kronox

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

KRONOX · price

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

-4.3%Reaction day

₹195.35

prior close

₹190.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Specialty Chemicals peers, median of 97sector-2.0%-2.3% vs sector

On the reaction day the stock moved 2.3 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

+0.7

10m

-0.1

15m

+0.5

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3pendingpending-2.0-2.3

Next day

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15d

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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

IIFL Capital submitted the final offer letter for Indo Borax and Chemicals, acting with Zenrock Chemicals, to acquire up to 95.70 lakh Kronox shares, equal to 25.79% of voting capital, at Rs 157.27 per share in cash. The tender runs from November 6 to November 20, 2026. Indo Borax already bought a 64.26% stake from the promoters on September 29 and is now the controlling shareholder.

Likely market impact

Shareholders can tender at Rs 157.27, which may support the stock. Tendered shares are locked, and prices may remain volatile during the offer.