Announced Thu, 1 Oct, 2026 · 17:25 IST
Promoters sell 64.26% stake to Indo Borax via SPA
KRONOX · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹205.57
prior close
₹213.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.8-1.5-1.9-3.3+0.5+2.4-2.2———————
Up moveDown movePending
AI summary
Three promoter directors of Kronox Lab Sciences - Mr. Jogindersingh Jaswal (CMD), Mr. Ketan Ramani and Mr. Pritesh Ramani (both WTDs) - together sold 2,38,44,000 equity shares (about 64.26% of paid-up capital) to Indo Borax & Chemicals Ltd via a Share Purchase Agreement dated August 20, 2026. Off-market deal completed September 29, 2026, at about Rs. 103.22 per share, totalling about Rs. 88.4 crore. Post-sale, Jaswal and Ketan Ramani each hold 3.31%. Major change in control.
Likely market impact
Major change in control. Indo Borax now holds 64.26%. Existing promoters cut to minority. Watch for new board and strategy changes.