Indo Borax & Chemicals: Open Offer for 26% Stake at ₹256.30 per Share
Indo Borax & Chemicals Limited has received a Draft Letter of Offer (DLOF) dated December 30, 2025, in connection with an open offer to its public shareholders. The offer is being made by Zenrock Chem...
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Why is Indo Borax & Chemicals Limited in the news today?
Indo Borax & Chemicals Limited (INDOBORAX) is in the news due to the announcement is a procedural update regarding an open offer, providing details of the terms and schedule. it does not inherently contain positive or negative news about the company's performance or future outlook.
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Indo Borax & Chemicals: Open Offer for 26% Stake at ₹256.30 per Share
December 30, 2025, 12:49 PM
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More Details on This News
Indo Borax & Chemicals Limited has received a Draft Letter of Offer (DLOF) dated December 30, 2025, in connection with an open offer to its public shareholders. The offer is being made by Zenrock Chemicals Private Limited, along with India Special Assets Fund III, ISAF III Onshore Fund, and Special Situation India Fund (collectively referred to as PACs).
The open offer aims to acquire up to 83,43,400 equity shares, representing 26.00% of the voting share capital, at a price of ₹256.30 per share, payable in cash. This offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The tentative schedule of activities indicates that the Public Announcement for the open offer is expected on February 5, 2026, with the tendering period commencing on February 6, 2026, and closing on February 19, 2026. The final dispatch of the Letter of Offer to shareholders is scheduled for January 30, 2026.
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