Foseco India Limited has successfully completed the acquisition of a 75% stake in Morganite Crucible (India) Limited, marking a significant strategic expansion in the industrial materials sector. The acquisition, first announced on August 22, 2025, was finalized on November 12, 2025, making Morganite Crucible (India) a subsidiary of Foseco India.
Acquisition Details
| Aspect | Details |
| Shares Acquired | 42,00,000 fully paid-up equity shares |
| Stake Percentage | 75% of total paid-up equity share capital |
| Sellers | Morganite Crucible Limited & Morgan Terrassen B.V. |
| Completion Date | November 12, 2025 |
Impact and Strategic Implications
- Subsidiary Formation: Morganite Crucible (India) Limited is now a subsidiary of Foseco India, consolidating control over operations.
- Market Position: The acquisition strengthens Foseco India’s market presence and may expand its product portfolio or manufacturing capabilities.
- Operational Synergies: The integration could lead to enhanced operational efficiency and improved access to industrial customers in India.
Regulatory Compliance
- The transaction has been communicated to BSE and NSE in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 30).
- The filing was signed by MD & CEO Prasad Madhukar Chavare, confirming the successful completion of the acquisition.
Summary:
With the acquisition of 75% equity, Foseco India has secured majority control over Morganite Crucible (India), reinforcing its industrial materials portfolio and expanding strategic capabilities. This move positions the company for enhanced growth, market share, and operational synergies in the sector.
Disclaimer:
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