Announced Mon, 22 Jun · 17:17 IST
Foseco India completes sale of 1.77% stake in subsidiary FCIL
Strategic Transactions View source PDF
FOSECOIND · price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹5184.70
prior close
₹5172.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+1.0+0.5+0.5+1.5-0.3+2.5+3.0+2.7-0.1-1.1-3.1——
Up moveDown movePending
AI summary
Foseco India sold 99,081 shares (1.77%) of subsidiary Foseco Crucible (India) Ltd (FCIL) via open market in multiple tranches for about INR 12 crore. The sale helps FCIL meet minimum public shareholding norms under SEBI regulations. Foseco India's holding in FCIL is now 75%.
Likely market impact
Minor stake sale for regulatory compliance. Brings in about INR 12 crore cash; Foseco India retains 75% in FCIL.