Kronox Lab Sciences Promoters Agree To Sell 64.26% Stake To Indo Borax

Promoters agreed to sell 64.26% of Kronox Lab Sciences to Indo Borax & Chemicals at ₹103.22 per share, triggering a mandatory open offer. The acquirer will assume control, appoint three nominee directors, and the sellers will resign and be reclassified as public shareholders. Context: resolves the long-pending promoter reclassification.