Kronox Lab Sciences Promoters Sell 64.26% Stake

Kronox Lab Sciences Limited promoters, Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani, and Mr. Jogindersingh Gianchand Jaswal, have executed a Share Purchase Agreement (SPA) dated August 20, 2026, to sell an aggregate of 2,38,44,000 equity shares. This represents approximately 64.26% of the company's total paid-up equity share capital. The shares are being sold to Indo Borax & Chemicals Limited (Acquirer) and Zenrock Chemicals Private Limited (PAC). The transaction triggers a mandatory tender offer to public shareholders by the Acquirer and PAC as per SEBI Takeover Regulations. The per share sale price is ₹103.22.