Deals23 Jan 2026, 11:47 am
Indo Borax & Chemicals Ltd. Announces Share Purchase Agreement Completion Date
AI Summary
Indo Borax & Chemicals Ltd. has announced that the parties to the Share Purchase Agreement (SPA) executed on December 15, 2025, have agreed to complete the transactions on January 23, 2026, as per a letter agreement executed on January 22, 2026. This agreement does not impose any additional restrictions on the company. The SPA involves the transfer of 1,63,00,230 equity shares, representing 50.80% of the total paid-up equity share capital of the company. Upon completion of the transfer on the Identified Closing Date, the sellers will cease to be in control of the company and will be declassified as members of the promoter/promoter group.
Key Highlights
- Indo Borax & Chemicals Ltd. announces the completion date of the Share Purchase Agreement.
- The parties to the SPA have agreed to complete the transactions on January 23, 2026.
- The SPA involves the transfer of 1,63,00,230 equity shares, representing 50.80% of the total paid-up equity share capital of the company.
- Upon completion of the transfer, the sellers will cease to be in control of the company.
- The SPA Letter Agreement does not impose any additional restrictions on the company.