Acquisitions2 April 2026 at 08:51 am
Indo Borax & Chemicals Ltd: Zenrock Chemicals Private Limited to Acquire 26.00% Stake via Open Offer
AI Summary
Zenrock Chemicals Private Limited, along with India Special Assets Fund III, ISAF III Onshore Fund and Special Situation India Fund, has made an open offer to acquire up to 83,43,400 fully paid-up equity shares of Indo Borax & Chemicals Ltd, representing 26.00% of the voting share capital. The offer price is ₹256.30 per offer share, payable in cash.
Key Highlights
- Zenrock Chemicals Private Limited and associated funds making an open offer for 26.00% stake in Indo Borax & Chemicals Ltd.
- Offer price set at ₹256.30 per offer share, payable in cash.
- The open offer is in compliance with the SEBI (SAST) Regulations.