Morganite Crucible India Ltd — Important, 09-09-2025: Company Update

Foseco India has launched an open offer to acquire up to 25.00% of Morganite Crucible (India) shares at INR 1,557.15 per share, totaling up to INR 218.00 Cr. This follows Foseco's agreement to buy 75.00% from current promoters at INR 1,557 per share, an acquisition valued at INR 6,539.40 Cr, paid via share swap. This move aims to expand Foseco's foundry business into India's faster-growing non-ferrous market segment. Foseco will gain control and has no plans to delist the company or sell material assets for two years.