Promoter Foseco India sells 1.77% stake to meet public shareholding norms

Promoter Stake Sell 1pctOwnership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close

+5.3%1-day move

₹1319.70

prior close

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base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+5.3+4.3+7.6+8.0+11.0+7.2+3.8-4.7——

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AI summary

Foseco India Limited, the promoter of Foseco Crucible (India) Ltd, sold 99,081 equity shares equal to 1.77% of paid-up capital through open market in multiple tranches. Post-sale, the promoter group holding stands at 42,00,000 shares or 75.00% of paid-up capital. The sale was carried out to help the company achieve the minimum public shareholding requirement under SEBI LODR Regulations and SCRR. Sale was completed within the timeline set in the earlier intimation dated 15 May 2026.

Likely market impact

Promoter shareholding reduced from about 76.77% to 75.00% to comply with minimum public shareholding rules, adding slight supply to the stock.