Foseco India to acquire 75% stake in Morganite Crucible India
Foseco India Limited will acquire a 75% stake in Morganite Crucible (India) Limited from Morganite Crucible Limited and Morgan Terrassen B.V. through a swap ratio of 274 FIL shares for every 1000 MCIL shares.
The acquisition involves issuing 1,150,800 fresh equity shares and will trigger a mandatory open offer for up to 25% additional shareholding from public shareholders.
The deal aims to strengthen FIL's foundry business in India's non-ferrous market and is expected to conclude by early October 2025, subject to regulatory approvals.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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