Archive · 24 Sep 2026
Indo Borax Secures ₹225 Crore Funding for Kronox Acquisition
Indo Borax & Chemicals is a company based in Mumbai.
It received ₹225 crore from a lending institution.
The money was provided on 23 September 2026.
Indo Borax plans to use the funds to buy shares in Kronox Lab Sciences.
The company had already announced this planned purchase earlier.
It said it will share more information if required by stock-market rules.
The announcement was made on 24 September 2026.
Investors were reminded to consider risks before making decisions.
Indo Borax & Chemicals Limited secured ₹225 crore in funding from a lending institution.
The funding was availed on 23 September 2026.
The funds are earmarked for acquiring equity shares in Kronox Lab Sciences Limited.
Indo Borax had previously disclosed plans for the Kronox Lab Sciences acquisition.
The company said it will make further disclosures under applicable SEBI Listing Regulations.
- Who
- Indo Borax & Chemicals Limited and Kronox Lab Sciences Limited.
- What
- Indo Borax secured ₹225 crore in funding to finance the acquisition of Kronox Lab Sciences equity shares.
- When
- The funding was availed on 23 September 2026, and the announcement was made on 24 September 2026.
- Where
- The announcement was made from Mumbai.
- Why
- The funding is intended to finance Indo Borax’s acquisition of equity shares in Kronox Lab Sciences.
- Funding amount
- ₹225 crore
- Borrower
- Indo Borax & Chemicals Limited
- Funding source
- A lending institution
- Funding date
- 23 September 2026
- Purpose
- Acquisition of equity shares in Kronox Lab Sciences Limited
- Announcement date
- 24 September 2026
- Future disclosures
- Further disclosures will be made as required under applicable SEBI Listing Regulations.