Foseco India Announces Open Offer for 25.00% Stake in Morganite Crucible India at INR 1,557.15 per Share

Foseco India Limited, along with Foseco Overseas Limited, Vesuvius Holdings Limited, and Foseco (UK) Limited, have announced an open offer for the acquisition of up to 14,00,000 fully paid-up equity shares of Morganite Crucible (India) Limited. The offer represents 25.00% of the voting share capital of the Target Company at a price of INR 1,557.15 per equity share, amounting to a total consideration of up to INR 218,00,10,000. The offer is being made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The public announcement was made on 22 August 2025.