Acquisitions15 Dec 2025, 08:31 pm
Indo Borax & Chemicals Ltd. Receives Open Offer from Zenrock Chemicals for 26.00% Stake
AI Summary
Indo Borax & Chemicals Ltd. has received a public announcement from IIFL Capital Services Limited, on behalf of Zenrock Chemicals Private Limited, India Special Assets Fund III, ISAF II Onshore Fund and Special Situation India Fund, for acquiring equity shares of the company. The open offer is made under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and represents 26.00% of the Voting Share Capital. The offer price is INR 256.30 per equity share, amounting to a total consideration of INR 213,84,13,420.00 assuming full acceptance.
Key Highlights
- Indo Borax & Chemicals Ltd. receives open offer from Zenrock Chemicals and associates.
- Offer represents 26.00% of the Voting Share Capital.
- Offer price is INR 256.30 per equity share.
- Total consideration is INR 213,84,13,420.00 assuming full acceptance.
- Open offer made under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.