The Exchange has sought clarification from Morganite Crucible India Ltd with reference to the media report appearing on https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/foseco-in-talks-to-acquire-morganite-crucible/articleshow/123256474.cms ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Bombay Stock Exchange has asked Morganite Crucible India Ltd to clarify a news report published in the Economic Times. The article suggests that Foseco is in talks to acquire Morganite Crucible India. Morganite Crucible is a listed entity on Indian exchanges. As of now, neither Foseco nor Morganite has publicly confirmed or denied the deal — only that the exchange has officially sought a clarification following the media report.
Until Morganite confirms or denies the report, the stock may see speculative volatility. A confirmed acquisition could trigger an open offer to public shareholders under SEBI takeover norms, which would be a key event to watch.