Archive · 29 Sep 2026
Indo Borax Completes Acquisition of Majority Stake in Kronox Lab
Indo Borax & Chemicals bought a large part of another company called Kronox Lab Sciences.
The purchased shares equal 64.26% of Kronox Lab Sciences.
This means Indo Borax now owns more than half of Kronox.
The deal involved 2,38,44,000 shares.
It was completed on September 29, 2026.
The shares came from three sellers.
Indo Borax had agreed to the purchase in a share purchase agreement signed on August 20, 2026.
A company director formally reported the completed deal to the stock exchanges.
Indo Borax & Chemicals Ltd completed its acquisition of a 64.26% stake in Kronox Lab Sciences Ltd.
The transaction involved 2,38,44,000 equity shares.
The acquisition was finalised on September 29, 2026.
The shares were purchased from Ketan Vinodchandra Ramani, Pritesh Vinodchandra Ramani, and Jogindersingh Gianchand Jaswal.
The transaction makes Indo Borax the majority shareholder of Kronox Lab Sciences.
- Who
- Indo Borax & Chemicals Ltd acquired shares from Ketan Vinodchandra Ramani, Pritesh Vinodchandra Ramani, and Jogindersingh Gianchand Jaswal.
- What
- Indo Borax acquired 64.26% of Kronox Lab Sciences Ltd, becoming its majority shareholder.
- When
- The acquisition was completed on September 29, 2026, after an agreement dated August 20, 2026.
- Where
- The announcement was datelined Mumbai; the acquisition location was not specified.
- Why
- The transaction gave Indo Borax majority ownership of Kronox Lab Sciences.
- Purchaser
- Indo Borax & Chemicals Ltd
- Target company
- Kronox Lab Sciences Ltd
- Stake acquired
- 64.26% of the paid-up equity share capital
- Shares acquired
- 2,38,44,000 equity shares
- Completion date
- September 29, 2026
- Share purchase agreement
- Entered into on August 20, 2026
- Result
- Indo Borax became the majority shareholder of Kronox Lab Sciences