Foseco India completes 75 percent acquisition of Morganite Crucible India

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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.1 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Foseco India has completed the acquisition of a 75 percent stake, equal to 42 lakh fully paid equity shares, in Morganite Crucible (India) from its promoters, Morganite Crucible Limited and Morgan Terrassen B.V. The share purchase agreement was signed on 22 August 2025, and the deal closed on 12 November 2025. With this completion, Morganite Crucible India has become a subsidiary of Foseco India with effect from 12 November 2025.

Likely market impact

Morganite Crucible India becomes a subsidiary of Foseco India. This expands the company's portfolio and may add to future revenue and earnings.