Kronox Lab Sciences: Open Offer Draft Letter Filed by Acquirers

IIFL Capital Services Ltd, acting as the Manager to the Open Offer, has submitted a Draft Letter of Offer to the public shareholders of Kronox Lab Sciences Ltd. The open offer is being made by Indo Borax and Chemicals Limited, along with Zenrock Chemicals Private Limited (PAC), to acquire up to 95,70,000 equity shares, representing 25.79% of the voting share capital. The offer price is ₹157.27 per share, payable in cash. This offer is made pursuant to SEBI (SAST) Regulations, 2011. The final Letter of Offer is subject to SEBI's approval. The offer is not conditional and not a competing offer.