Indo Borax Launches Open Offer for Kronox Lab Sciences

Indo Borax and Chemicals Limited, along with Zenrock Chemicals Private Limited, has published a Detailed Public Statement (DPS) for an open offer to acquire up to 95,70,000 equity shares of Kronox Lab Sciences Limited. This represents 25.79% of the voting share capital. The offer is being managed by IIFL Capital Services Limited and complies with SEBI (SAST) Regulations, 2011. The DPS was published on August 28, 2026, in multiple newspapers. The offer size is slightly below the 26% threshold mandated by Regulation 7(1) due to the available public shareholding.