Open Offer by Indo Borax for Kronox Lab Sciences at Rs 157.27 per share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

KRONOX · price

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Price reaction · full curve 14 horizons · vs prior close

+2.4%1-day move

₹179.05

prior close

₹179.00

base price

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AI summary

Indo Borax and Chemicals, along with Zenrock Chemicals (PAC), is making an open offer to acquire up to 95.7 lakh shares (25.79%) of Kronox Lab Sciences from public shareholders at Rs 157.27 per share, totaling about Rs 150.54 crore. This follows a Share Purchase Agreement dated August 20, 2026, where Indo Borax will first buy 2.38 crore shares (64.26%) from existing promoters for Rs 246.12 crore. Post-deal, Indo Borax becomes the new promoter and existing promoters move to public category. No intention to delist.

Likely market impact

Public shareholders can tender shares at Rs 157.27 during the tendering period; offer price is above recent 60-day volume weighted average.