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As on : 11-Nov-2026
Corporate News
11-Nov-2026      14:43

Indo Borax pledges shares in Kronox Lab Sciences for Poonawalla Fincorp loan

Indo Borax & Chemicals Limited disclosed that it has pledged 51,94,560 shares, representing 14% of the total share capital of Kronox Lab Sciences Limited, with CTL Trusteeship Limited as the security trustee, as security for a term loan facility of approximately Rs 2,25,00,00,000 availed from Poonawalla Fincorp Ltd to finance the acquisition of equity shares of Kronox Lab Sciences Limited. The pledge was created on November 3, 2026, and Indo Borax & Chemicals Limited currently holds 2,38,44,000 shares, or 64.26% of Kronox Lab Sciences Limited's total share capital.

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