The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Morganite Crucible Ltd & PAC
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Morganite Crucible Limited (a UK-based entity, part of the Morgan Advanced Materials group) and its Person Acting in Concert (PAC) Morgan Terrassen B.V. (Netherlands) filed a revised disclosure under SEBI's Takeover Code. On November 12, 2025, they acquired 11,50,800 equity shares of Foseco India through a preferential allotment, representing a combined 15.27% stake. Morganite Crucible picked up 5,90,744 shares (7.84%) and Morgan Terrassen B.V. took 5,60,056 shares (7.43%). The acquirers are classified as non-promoters and had zero holding before this transaction. Consequently, Foseco India's equity share capital increased from INR 6.39 crore (63.86 lakh shares) to INR 7.54 crore (75.37 lakh shares).
A foreign strategic group entity has now become a substantial non-promoter shareholder with a 15.27% stake, signalling potential consolidation interest from the global parent group. Any further acquisition of more than 5% in a financial year would trigger an open offer obligation under SEBI Takeover Code, which could keep the stock on watch for corporate action.