Indo Borax & Chemicals Limited — QIP/Rights/Pref., 06-04-2026: Public Announcement-Open Offer

Zenrock Chemicals is launching an open offer for Indo Borax, seeking to acquire 83.43 lakh shares (26% of voting capital) at ₹256.30 each, totaling ₹213.84 Cr. This move will significantly boost promoter holding to 76.80% if fully accepted. No delisting is planned, but future share sales could occur to meet public shareholding norms, potentially affecting liquidity.