Open Offer5 Sept 2026, 04:30 pm
Kronox Lab Sciences: Open Offer Draft Letter Received
AI Summary
Kronox Lab Sciences Limited has received a Draft Letter of Offer (DLOF) for an open offer initiated by Indo Borax and Chemicals Limited, along with Zenrock Chemicals Private Limited (PAC). The offer aims to acquire up to 95,70,000 equity shares, representing 25.79% of the voting share capital, at a price of ₹157.27 per share. This open offer is being made pursuant to SEBI (SAST) Regulations, 2011. The final Letter of Offer is subject to SEBI's approval.
Key Highlights
- Draft Letter of Offer for open offer received by Kronox Lab Sciences.
- Indo Borax and Zenrock Chemicals are making the open offer.
- Offer is to acquire 25.79% stake at ₹157.27 per share.
- The offer is subject to SEBI approval.
- This is a substantial acquisition under SEBI (SAST) Regulations.
Price Impact
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