03-Nov-2026 18:44:30
INDOBORAXAcquisition and merger
INDOBORAX : PLEDGES 14% KRONOX STAKE AS SECURITY FOR ~₹225 CR LOAN
• Pledge over 51,94,560 equity shares of Kronox Lab Sciences created on November 3, 2026 (~14% of paid-up capital). • Loan of ~₹225 Cr availed to finance acquisition of Kronox shares; no change in shareholding or control, Kronox remains a subsidiary. Impact: No change in shareholding or control; Kronox remains a subsidiary.
Indo Borax & Chemicals Ltd-$
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