The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Morgan Terrassen B.V.
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Awaiting price reaction for this filing.
Morgan Terrassen B.V. and its Person Acting in Concert (PAC) Morganite Crucible Limited, together the promoters of Morganite Crucible (India) Limited (BSE: 523160), have sold their entire 75% stake in the company (42,00,000 equity shares) off-market on November 12, 2025. Before the sale, Morgan Terrassen B.V. held 20,44,000 shares (36.50%) and the PAC held 21,56,000 shares (38.50%). After the deal, both entities hold 0 shares and will cease to be classified as promoters of the company. The target's total share capital remains unchanged at 56,00,000 equity shares of Rs 5 each. This is effectively a full change of control of the company through a private block transaction with an unidentified buyer.
This is a major corporate event — the existing foreign promoter group is exiting 100% of their holding, which means a new owner is taking over the company. Shareholders should brace for potential short-term price volatility and watch for disclosures on the new acquirer, as the identity and intent of the buyer is not mentioned in this filing.