Indo Borax & Chemicals Ltd

AcquisitionAlfa AlertAn Alfa Alert is ALFA Finder's top-priority alert: filings that can move a stock, such as orders, fund raises and approvals, sent to subscribers on Telegram within seconds of reaching the exchange.

Indo Borax & Chemicals Acquisition Worth ₹103.2 Cr

Indo Borax & Chemicals Limited has announced the acquisition of Kronox Lab Sciences Limited for Rs. 103.22 Crore. The cash deal aims to diversify the company's chemical portfolio.

Value

₹103.2 Cr

Execution

Within 3 months

AcquisitionAlfa AlertAn Alfa Alert is ALFA Finder's top-priority alert: filings that can move a stock, such as orders, fund raises and approvals, sent to subscribers on Telegram within seconds of reaching the exchange.

Indo Borax & Chemicals Acquisition Worth ₹246.1 Cr

Indo Borax & Chemicals approved the acquisition of a 64.26% stake in Kronox Lab Sciences for ₹246.12 Crore. The transaction triggers a mandatory open offer for another 25.79%.

Value

₹246.1 Cr

Execution

Within 3 months of public announcement

Acquisition

Indo Borax & Chemicals Acquisition

Zenrock Chemicals Pvt Ltd, part of the promoter group, acquired 24,44,534 equity shares (7.62% stake) of Indo Borax & Chemicals Limited through an Open Offer. This acquisition, completed on April 30, 2026, increases the promoter group's total holding from 50.80% to 58.41%, reflecting strengthened promoter control.