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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 Promoter Pledges 14 Percent Stake For Rs 225 Crore Loan
Kronox Amends Indo Borax Deal To Free 9.95 Percent Stake
Kronox Lab Sciences Approves 5000 Sqm Dahej Plant Acquisition From Axiom Chemicals
Kronox Lab Sciences Completes 64.26% Share Transfer To Indo Borax
Kronox Lab Sciences Transfers 64 Percent Stake To Indo Borax Reshuffles Board