Vesuvius India to sell Mehsana Facility to Foseco India for INR 43.25 Cr
VESUVIUS · price
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Vesuvius India will sell its Mehsana, Gujarat manufacturing facility (crucibles, stoppers, sleeves for non-ferrous sector) to fellow subsidiary Foseco India via slump sale for INR 43.25 Crore. The facility contributed 2.8 percent of revenue and 2.09 percent of net worth in FY25. It is a related party transaction between fellow subsidiaries under Vesuvius plc UK, approved at arm's length basis with an independent valuation by BDO. Expected completion by 31 December 2026. No change in shareholding pattern.
Non-core divestment of a small unit contributing 2.8 percent of revenue. Modest cash inflow of INR 43.25 Crore. No shareholding change.