Foseco India to Acquire 25.00% Stake in Morganite Crucible India for INR 1557.15 per Share

Foseco India Limited, along with Foseco Overseas Limited, Vesuvius Holdings Limited, and Foseco (UK) Limited, have proposed 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. The offer price is INR 1557.15 per offer share. This acquisition is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer size is at least 26.00% of the total voting share capital, and the offer is open from 31 December 2025 to 13 January 2026.