Foseco India board approves sale of up to 99,081 equity shares (1.77%) in subsidiary Foseco Crucible to meet minimum public shareholding norms.
The subsidiary contributed 6.1% to consolidated turnover and 13.6% to net worth in the last financial year.
The sale is expected to generate approximately ₹13,475 lakh and will occur via SEBI-permitted methods between May 18, 2026, and March 31, 2027.