Transaction Details
- Number of shares sold: 99,081 equity shares
- Percentage of subsidiary capital: 1.77% of total paid-up equity share capital of Foseco Crucible (India) Limited (formerly Morganite Crucible (India) Limited)
- Transaction method: Multiple tranches through open market route
- Aggregate consideration: ₹11,99,72,779 (approximately ₹12 crore)
- Counterparty: Not specified (open market sales)
Post-Transaction Shareholding
- Company's remaining holding: 42,00,000 equity shares
- New percentage holding: 75.00% of total paid-up equity share capital of Foseco Crucible (India) Limited
- Status: FCIL has now achieved minimum public shareholding requirements as prescribed under SEBI LODR Regulations and SCRR
Timeline and Compliance
- Previous disclosure date: 12 May 2026
- Completion confirmation: Entire sale completed within timeline mentioned in previous disclosure
- Disclosure purpose: Ensure continued transparency and compliance with applicable SEBI regulations
Additional Information
- The disclosure will be hosted on company website: www.fosecoindia.com
- Required details under SEBI Master Circular were previously provided in 12 May 2026 intimation
Financial Impact
Transaction represents a divestment of minority stake for approximately ₹12 crore consideration. The financial impact of the gain/loss on sale is not quantified in the disclosure.