New promoter Indo Borax acquires 64.26% stake in Kronox Lab Sciences
KRONOX · price
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Kronox Lab Sciences announced completion of share transfer on September 29, 2026. Indo Borax and Chemicals acquired 2,38,44,000 equity shares (64.26%) from existing promoters. Indo Borax now becomes new promoter with sole control. Existing promoters stake reduced to 9.95% and they will reclassify as public. An open offer for additional 25.79% from public shareholders is underway.
Major ownership change: new promoter Indo Borax takes control with 64.26% stake. Open offer for 25.79% from public now underway.