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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.
Kronox Lab Sciences Completes 64.26% Stake Transfer To Indo Borax
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