JM Financial Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement in accordance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial ....
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Awaiting price reaction for this filing.
Foseco India Limited, together with three persons acting in concert (Foseco Overseas Limited, Vesuvius Holdings Limited, and Foseco (UK) Limited), is making an open offer to acquire up to 14,00,000 fully paid-up equity shares of face value INR 5 each in Morganite Crucible (India) Limited, the target company. The offer is being made under SEBI's Takeover Regulations (SAST), 2011, with JM Financial Limited acting as the manager to the offer. A Pre-Offer Advertisement-cum-Corrigendum dated 29 December 2025 was published on 30 December 2025 in four newspapers — Financial Express (English, all editions), Jansatta (Hindi, all editions), Navshakti (Marathi, Mumbai edition), and Marathwada Kesari (Marathi, Aurangabad edition). This follows SEBI's observation letter dated 12 December 2025 on the Detailed Letter of Offer.
For shareholders of Morganite Crucible (India) Limited, this signals that the open offer window is approaching and they should review the offer price and tendering process. The filing itself is a regulatory procedural step and does not directly affect Foseco Crucible (India) Ltd's share price, though it reflects consolidation activity within the Foseco/Vesuvius group.