Indo Borax & Chemicals: Completion of the acquisition of 64.26% of the share capital of Kronox Lab Sciences Limited
Indo Borax & Chemicals (INDOBORAX) filed a disclosure titled "Completion of the acquisition of 64.26% of the share capital of Kronox Lab Sciences Limited". The company is valued at about ₹1,525 crore.
What happened
Indo Borax & Chemicals (INDOBORAX) filed a disclosure with the exchanges on 29 September 2026 at 03:44 PM titled "Completion of the acquisition of 64.26% of the share capital of Kronox Lab Sciences Limited".
Company snapshot
Indo Borax & Chemicals is a small-cap company, with a market value of about ₹1,525 crore.
The stock last traded at ₹475.4, against a 52-week range of ₹230–₹542.8 (12.4% below the high).
Before this filing the shares had moved −4.0% over the month and +26.3% over three months. Average daily turnover over the last 20 sessions was about ₹24.81 crore.
Promoters held 38.41% at the end of Q1 FY27, up 7.61% points from the previous quarter; 100.00% of promoter shares were pledged. Foreign institutions owned 0.13% and domestic institutions 0.04%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 54 | 1.1 | 3.18 |
| Q2 FY26 | 111 | 28.7 | 8.25 |
| Q3 FY26 | 41 | 9.9 | 2.89 |
| Q4 FY26 | 63 | 15.8 | 4.53 |
| Q1 FY27 | 70 | 16.3 | 5.07 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 0.2% on average the next trading day and was down 0.9% on average after five days (2 filings with price data).
Market-wide, 1,921 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 50% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 20 Aug 2026 | M&A | +18.0% | +15.9% |
| 21 Jul 2026 | Amalgamation/Merger | −17.5% | −17.8% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- Indo Borax & Chemicals approves amalgamation of wholly owned subsidiary
- Indo Borax & Chemicals Share Price: fundamentals, peers
- Indo Borax to host analyst call with Arihant Capital on Sep 28
- Indo Borax secures ₹225 crore funding to acquire Kronox Lab Sciences
- Indo Borax & Chemicals Secures ₹225 Crore Funding For Kronox Lab Sciences Acquisition
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.