Zenrock Chemicals Private Limited acquired 24,44,534 equity shares (7.62% stake) of Indo Borax & Chemicals Limited via an Open Offer. This transaction increased the promoter group's total shareholding from 50.80% to 58.41%.
Zenrock Chemicals Private Limited has announced a mandatory open offer to acquire 83,43,400 shares (26% stake) of Indo Borax & Chemicals Limited at ₹256.30 per share. The total offer size is ₹2138.41 Crore. The tendering period is scheduled from April 10, 2026, to April 24, 2026.
Zenrock Chemicals and PACs have announced a ₹213.84 Crore open offer to acquire a 26% stake in Indo Borax & Chemicals Limited at ₹256.30 per share. This follows an agreement to acquire a 50.80% controlling stake for ₹417.77 Crore. The acquirer will be reclassified as the new promoter upon completion.