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BSECompany Update▼ NegativeM&A25 Aug 2026

Honasa Consumer Ltd

Update on proposed acquisition of Fluence Pharma Private Limited

Honasa Consumer Ltd has called off its proposed acquisition of 58% equity stake of Fluence Pharma Private Limited due to non-fulfilment of closing conditions.

Promoters informed the Company about the SPA executed by them with Indo Borax & Chemicals Limited (Acquirer) and Zenrock Chemicals Private Limited (PAC)

Kronox Lab Sciences Ltd has received an intimation from its promoters that they have executed a Share Purchase Agreement (SPA) with Indo Borax & Chemicals Limited and Zenrock Chemicals Private Limited for the sale of 64.26% of the company's equity shares. The acquirer is required to make a mandatory tender offer to public shareholders.

As per Attachment

Inventure Growth & Securities Ltd has withdrawn its Scheme of Arrangement due to lack of RBI approval, despite receiving NOCs from BSE and NSE. The withdrawal has no financial impact on the company.