Acquisitions22 Aug 2025, 01:44 pm
Morganite Crucible India Ltd to be Acquired by Foseco India Limited for INR 653,94 Crores
AI Summary
Morganite Crucible India Ltd has announced that its promoters, Morganite Crucible Limited and Morgan Terrassen B.V., have entered into a share purchase agreement with Foseco India Limited and its promoters. The agreement entails the sale of 75% of the paid-up equity share capital of the Company to Foseco India Limited for an aggregate consideration of INR 653,94 Crores. The acquisition will be made through the issuance and allotment of 1,150,800 equity shares of INR 10/- each in the Acquirer at a price of INR 5,674 per Consideration Share. Upon completion of the Transaction, the Company would become a subsidiary of the Acquirer.
Key Highlights
- Morganite Crucible India Ltd to be acquired by Foseco India Limited
- 75% of the paid-up equity share capital of the Company to be sold to Foseco India Limited
- Transaction value of INR 653,94 Crores
- Acquirer to issue and allot 1,150,800 equity shares of INR 10/- each in the Acquirer to the Promoters
- Company to become a subsidiary of the Acquirer upon completion of the Transaction