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Foseco India to acquire 75% stake in Morganite Crucible

August 22, 2025 at 02:29 PM UTC•By FilingReader AI

Foseco India Limited will acquire 75% of Morganite Crucible (India) Limited's voting share capital for INR 6.54bn through a share purchase agreement.

This triggers a mandatory open offer to public shareholders for the remaining 25% at INR 1,557.15 per share, totaling INR 2.18bn. The acquisition will make Foseco India the promoter of Morganite Crucible.

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

Primary Source Document

JM Financial Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement for the attention of the Public Shareholders of Morganite Crucible India Ltd ("Target Company") ....August 22, 2025 at 02:09 PM UTC

Supplementary Source Documents

JM Financial Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement for the attention of the Public Shareholders of Morganite Crucible India Ltd ("Target Company") ....August 22, 2025 at 02:09 PM UTC
Morganite Crucible (India)
BSE:MORGANITE•Bombay Stock Exchange
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