Indo Borax & Chemicals Acquisition Worth ₹246.1 Cr
Indo Borax & Chemicals Limited has completed the acquisition of a 64.26% stake in Kronox Lab Sciences Limited for ₹246.12 Crore.
- Value
- ₹246.1 Cr
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Indo Borax & Chemicals Limited has completed the acquisition of a 64.26% stake in Kronox Lab Sciences Limited for ₹246.12 Crore.
Indo Borax & Chemicals Limited has completed the acquisition of a 64.26% stake in Kronox Lab Sciences Limited. The transaction involved purchasing 2,38,44,000 equity shares via a share purchase agreement.
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.
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%.
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.