Indo Borax to Acquire 64.26% of Kronox Lab Sciences for ₹246.12 Cr

Indo Borax & Chemicals Ltd announced its Board of Directors has approved the acquisition of 2,38,44,000 equity shares, representing 64.26% of Kronox Lab Sciences Limited, from its promoters. The acquisition is valued at ₹103.22 per share, totaling ₹246.12 crore. This transaction will trigger a mandatory open offer to the public shareholders of Kronox Lab Sciences Limited for approximately 25.79% of its share capital, to be made by Indo Borax along with Zenrock Chemicals Private Limited. The acquisition is subject to the terms outlined in the share purchase agreement.