Announced Thu, 20 Aug · 13:06 IST
Promoters to sell 64.26% stake to Indo Borax and Chemicals; open offer triggered
KRONOX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+38.5%1-day move
₹153.35
prior close
₹176.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6+0.3+3.3+5.8+38.5+33.7+21.8+27.4+22.6+16.1+12.8+15.1——
Up moveDown movePending
AI summary
Promoters Ketan Ramani, Pritesh Ramani and Jogindersingh Jaswal signed an SPA on Aug 20, 2026 to sell 2,38,44,000 equity shares (64.26% stake) to Indo Borax and Chemicals Ltd and Zenrock Chemicals Pvt Ltd at Rs 103.22 per share. The deal triggers a mandatory open offer to public shareholders under SEBI Takeover Regulations. Acquirer will become new promoter and appoint 3 nominee directors. Sellers will exit the Board.
Likely market impact
Change of control: Indo Borax becomes new promoter, existing promoters exit Board, mandatory open offer for public shareholders ahead.