Foseco India sells 1.77% stake in subsidiary FCIL for about INR 12 cr

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FOSECOIND · price

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹5184.70

prior close

₹5172.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-0.5% vs market

Specialty Chemicals peers, median of 96sector-1.1%-0.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-1.2-0.7-0.5-1.1-0.1

Next day

+1.5-0.8+2.3-0.8+2.3

-0.3-1.4+1.1-1.6+1.3

+2.5-1.7+4.2-2.0+4.5

+3.0-0.7+3.6-1.8+4.8

+2.7-0.5+3.2-2.0+4.6

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15d

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+3.7+4.3-0.6+2.2+1.6

+26.5+5.8+20.7+3.4+23.2

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Foseco India has completed the sale of 99,081 equity shares (1.77 percent) of its subsidiary Foseco Crucible (India) Limited through the open market in multiple tranches for an aggregate consideration of about INR 12 crore. The sale was carried out to help FCIL meet the minimum public shareholding requirement under SEBI SAST, SCRR, and LODR regulations. Post-sale, Foseco India's holding in FCIL stands at 75 percent, and FCIL has now achieved the required minimum public shareholding norm.

Likely market impact

Routine regulatory action. Foseco India retains 75 percent control in FCIL. No material impact on consolidated business.