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Indo Borax completed purchase of 2,38,44,000 shares (64.26%) on Sept 29, founders retain 9.95% and exited promoter group. Board replaced founders with MD-CEO Suresh Kalra, two executives, three independents and new CFO Shashikant Bharuka; founders signed 3-year Rs2.1cr each consultancy. Context: closes pending takeover early.
Kronox Lab Sciences Completes 64.26% Share Transfer To Indo Borax
Kronox Lab Sciences Transfers 64 Percent Stake To Indo Borax Reshuffles Board
Kronox Lab Sciences Receives ₹151 Crore Open Offer From Indo Borax
Kronox Lab Sciences Announces Indo Borax's 64.26% Stake Acquisition
Kronox Lab Sciences Promoters Agree To Sell 64.26% Stake To Indo Borax