Acquiring Company
Indo Borax and Chemicals
Acquired Company
Kronox Lab Sciences
VadodaraVadodaraManufacturingBiotechnologyManufacturingBiotechnologyDescription
Indo Borax and Chemicals will acquire a 64.26% controlling stake in Kronox Lab Sciences for Rs 246.12 crore. This acquisition is a strategic move to enhance Indo Borax's product offerings and market presence. An open offer will follow the acquisition for a further 25.79% stake. Kronox will retain a 9.95% stake and provide transition support post-acquisition.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Kronox Lab Sciences?
Kronox Lab Sciences was acquired by Indo Borax and Chemicals, based in Vadodara. The deal was reported on August 29, 2026. Indo Borax and Chemicals is a manufacturer specializing in boron-based chemicals. The company is focused on expansion and diversification in the specialty chemicals sector. Indo Borax and Chemicals is privately held and operates in Manufacturing.
When did Indo Borax and Chemicals acquire Kronox Lab Sciences?
Indo Borax and Chemicals's acquisition of Kronox Lab Sciences was reported on August 29, 2026. Indo Borax and Chemicals will acquire a 64.26% controlling stake in Kronox Lab Sciences for Rs 246.12 crore. This acquisition is a strategic move to enhance Indo Borax's product offerings and market presence. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Kronox Lab Sciences do?
Kronox Lab Sciences is a listed specialty chemicals company that has experienced consistent growth since its incorporation in 2008. The company has expanded its manufacturing capabilities across multiple units in Gujarat. It is privately held, operating in Manufacturing, and is based in Vadodara.
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