FilingReader Intelligence

Foseco India to acquire 75% stake in Morganite Crucible

August 22, 2025 at 07:30 AM UTCBy FilingReader AI

Foseco India Limited will acquire 75% of Morganite Crucible (India) Limited for INR 6.54bn. The consideration will be paid through issuing 1.15m equity shares at INR 5,674 per share to MCIL promoters.

The transaction triggers an open offer for the remaining 25% stake at INR 1,557.15 per share.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:FOSECOINDBombay Stock Exchange

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