Foseco India Limited to Acquire 25.00% Stake in Morganite Crucible India Ltd for INR 218,00,10,000

Foseco India Limited, along with other entities, has announced an open offer to acquire up to 14,00,000 equity shares of Morganite Crucible India Ltd, representing 25.00% of the company's voting share capital. The offer price is INR 1,557.15 per share, amounting to a total consideration of INR 218,00,10,000. The offer is not conditional upon any minimum level of acceptance and is not a competing offer. The acquisition is pursuant to a share purchase agreement dated 22 August 2025, where the Acquirer has agreed to purchase 75.00% of the voting share capital from the Sellers. The payment for the Share Purchase Agreement will be made by issuing and allotting 11,50,800 fully paid-up equity shares of the Acquirer to the Sellers.