Indo Borax Open Offer Accepts 7.62% at ₹256.30/Share

Zenrock Chemicals and PACs completed a mandatory open offer for 26% of Indo Borax shares at ₹256.30 per share.
Only 24.44 lakh shares (7.62% of capital) were tendered and accepted versus the offered 83.43 lakh shares.
The acquirer group's total holding reached 58.41% post-offer, following a 50.80% stake purchase in January 2026.
IIFL Capital served as the Manager, and the offer was open from April 10 to April 24, 2026.