Morganite Crucible exits Foseco India fully, sells entire 15.27 percent stake
FOSECOIND · price
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On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 2.8 pts more 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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Morganite Crucible Ltd and PAC Morgan Terrassen B.V., both foreign entities not part of the promoter group, sold their entire combined stake of 11,50,800 shares (15.27 percent) in Foseco India via a block trade through the stock exchange on August 27, 2026. Morganite Crucible sold 5,90,744 shares (7.84 percent) and Morgan Terrassen sold 5,60,056 shares (7.43 percent). After the sale, both entities hold zero shares, marking a complete exit by a major foreign shareholder.
Full exit by a large foreign shareholder via block deal could pressure the stock on execution day and reduce long-term institutional support.