Open Offer by Indo Borax at Rs 157.27 per share

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

KRONOX · price

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Price reaction · full curve 14 horizons · vs prior close

+10.1%1-day move

₹186.19

prior close

₹191.00

base price

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AI summary

Indo Borax and Chemicals, with PAC Zenrock Chemicals, is making a mandatory open offer to public shareholders of Kronox Lab Sciences for up to 95,70,000 shares (25.79 percent) at Rs 157.27 per share, totaling about Rs 150.51 crore. This follows a deal to buy 64.26 percent from existing promoters at Rs 103.22 per share for Rs 246.12 crore. Post deal, acquirer will hold up to 90.05 percent and become new promoter. No delisting planned.

Likely market impact

Public shareholders can tender at Rs 157.27 per share. Promoter group exits; control shifts to Indo Borax. No delisting intended.