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 to acquire up to 14,00,000 fully paid-up equity shares of Morganite Crucible (India) Limited, representing 25.00% of the voting share capital, at a price of INR 1,557.15 per share. The offer is being made pursuant to and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer size is 25.00% of the total voting share capital, which is less than the minimum required 26.00% as per Regulation 7(1) of the SEBI (SAST) Regulations. The offer is open to public shareholders of Morganite Crucible (India) Limited.