Morgan group exits Foseco India via block trade, sells 15.27% stake
FOSECOIND · price
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Morgan Terrassen B.V. and its PAC Morganite Crucible Limited sold their entire 11,50,800 shares (15.27%) in Foseco India on Aug 27, 2026 through a block trade on stock exchanges. Both are foreign entities, not classified as promoters. After the sale, their combined holding dropped to zero. Equity share capital of Foseco India stands at Rs 7.54 crore with 75,37,259 shares of Rs 10 each.
Foreign investor completely exits with full 15.27% stake sale. May create short-term supply pressure but removal of long-term holder could attract new institutional interest.