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Foseco India, part of the Vesuvius Group, has launched an open offer to acquire up to 25% of Morganite Crucible (India) for INR 1,557.15 per share, valuing this public stake at approximately INR 218.00 Cr. This follows a prior agreement where Foseco will acquire 75% from the current promoters for around INR 6,539.40 Cr, paid through a share swap. Foseco will gain control, aiming to expand its foundry business into India's non-ferrous market. This provides public shareholders an opportunity to tender shares at a fixed price, with the Acquirer having no intention to delist the company.