{
  "id": 2164468,
  "title": "Vadodara-based Kronox Lab Sciences to change hands 2 yrs after listing; promoters to sell 64.26% for ₹246 cr",
  "url": "https://urgent.news/2026/08/20/vadodara-based-kronox-lab-sciences-to-change-hands-2-yrs-after",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T15:02:14.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/vadodara-based-kronox-lab-sciences-to-change-hands-2-yrs-after-listing/article71369738.ece"
  },
  "original_language": "en",
  "account": "In a move that follows two years after its 2024 listing, Vadodara-based Kronox Lab Sciences Ltd is up for sale. Founding promoters Ketan Vinodchandra Ramani, Pritesh Vinodchandra Ramani, and Jogindersingh Gianchand Jaswal are selling their 64.26 percent stake to Mumbai-based industrial chemicals company Indo Borax & Chemicals Ltd for ₹246 crore. They will retain a 9.95 percent stake in the company, subject to a lock-in period after which any proposed sale will be subject to Indo Borax's right of first refusal. Indo Borax and its partner Zenrock Chemicals Private Ltd will also make an open offer for up to 25.79 percent of Kronox's equity from public shareholders. Following the acquisition, Indo Borax will appoint three new directors to Kronox's board, and the existing promoters will resign as directors. The transaction will also trigger a mandatory open offer for Kronox's public shareholders.",
  "summary": "The firm is set to be acquired by Indo Borax, which seeks to diversify beyond its core boron-based chemicals business",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}