Shareholding15 May 2026, 03:05 pm
Foseco Crucible to Divest Up to 1.77% Stake
AI Summary
Foseco Crucible (India) Ltd's promoter, Foseco India Limited, intends to sell up to 1.77% of the company's equity shares in the open market to meet minimum public shareholding requirements. The divestment, totaling up to 99,081 shares, will occur between May 18, 2026, and March 31, 2027, in single or multiple tranches. Post-sale, the promoter shareholding will decrease from 76.77% to 75.00%. Foseco India Limited has undertaken not to buy any shares during the sale period.
Key Highlights
- Foseco India Limited will sell up to 1.77% stake to meet minimum public shareholding norms.
- Up to 99,081 equity shares will be divested in single or multiple tranches.
- The divestment period is from May 18, 2026, to March 31, 2027.
- Promoter shareholding will reduce to 75.00% after the proposed sale.
- Foseco India Limited undertakes not to buy shares during the divestment period.
Price Impact
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