Vesuvius India sells Mehsana unit to Foseco India for Rs 43.25 Cr
VESUVIUS · price
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Vesuvius India board approved selling its Mehsana (Gujarat) manufacturing facility, which makes crucibles, stoppers and sleeves for the non-ferrous sector, to fellow subsidiary Foseco India via slump sale for Rs 43.25 crore. The unit contributed 2.8 percent of revenue (Rs 58.13 Cr) and 2.09 percent of net worth. Deal is a related party transaction at arm's length, approved by the Audit Committee with BDO valuation. Expected to complete by 31 December 2026. No change in shareholding pattern.
Non-core asset sale to a group company for Rs 43.25 Cr; small revenue contribution, no shareholding change. Likely neutral for shareholders.