Morganite Crucible India Ltd — Important, 22-08-2025: Company Update

Morganite Crucible (India) Limited's promoters have agreed to sell 75% of the company's paid-up equity capital to Foseco India Limited for INR 653.94 Crore. This involves 4,200,000 equity shares at INR 1,557 per share. The consideration will be discharged by Foseco India issuing 1,150,800 of its own shares via preferential allotment. Following the transaction, Morganite Crucible will become a subsidiary of Foseco India, which will hold 75% of its equity. This acquisition triggers a mandatory open offer by Foseco India for additional shares. The deal is subject to regulatory and other necessary approvals.