Open offer by Indo Borax at Rs 157.27 per share for 25.79% stake in Kronox Lab

Open Offer TriggeredListed 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

+14.1%Reaction day

₹186.19

prior close

₹191.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+13.8% vs market

Specialty Chemicals peers, median of 99sector+0.0%+14.0% vs sector

On the reaction day the stock moved 13.8 pts more than Nifty Microcap 250 and 14.0 pts more 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

+8.4

10m

+6.1

15m

+3.6

30m

+5.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+14.1+0.3+13.8+0.0+14.0

Next day

+10.1+0.5+9.6-0.0+10.2

+0.3+0.1+0.2+0.0+0.3

+5.0+0.7+4.3+0.7+4.3

+1.0+0.4+0.5+0.7+0.3

-3.8+0.7-4.6+1.3-5.2

-1.5+0.1-1.6+0.5-2.0

15d

-4.7+1.5-6.1+1.7-6.3

-5.2+0.3-5.5+1.3-6.5

+4.2-6.2+10.4-5.6+9.8

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 99Pending

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

AI summary

Indo Borax to make open offer to Kronox Lab shareholders at Rs 157.27 per share for 95.7 lakh shares (25.79% voting capital), worth about Rs 150.5 crores. Triggered by Share Purchase Agreement dated Aug 20, 2026 where Indo Borax buys 2.38 crore shares (64.26%) from current promoters at Rs 103.22 per share for Rs 246 crores. Indo Borax is controlled by Zenrock Chemicals. No delisting planned; existing promoters will cease to be promoters post deal.

Likely market impact

Shareholders can tender at Rs 157.27 per share in cash. Change of control; existing promoters will exit and be reclassified as public post completion.