Morganite Crucible India Ltd — Others, 22-08-2025: Others

Morganite Crucible (India) Limited's promoters have agreed to sell their 75% equity stake, comprising 4.2 million shares, to Foseco India Limited. The transaction is valued at INR 1,557 per share, totaling INR 653.94 Cr. This will result in Morganite Crucible becoming a subsidiary of Foseco India. As consideration, the promoters will receive 1,150,800 equity shares of Foseco India via preferential allotment. This significant change in ownership triggers a mandatory open offer by Foseco India for additional shares from public shareholders.