Foseco India Limited
SBI Mutual Fund bought 3,22,297 shares of Foseco India for ₹190.06 Cr at ₹5897.00 apiece in a block deal. This transaction is part of a larger block deal where Morganite Crucible and Morgan Terrassen BV are likely selling their entire 15.27% stake in Foseco India.
A manufacturer of specialty chemicals for the metallurgical industry, Foseco India produces additives and consumables that enhance the physical properties and performance of castings. Incorporated in 1958, the company supplies critical products to metal foundries and casting operations across India. Its specialized focus on metallurgical solutions and technical expertise in casting improvement distinguish it as a key player in the industrial chemicals sector.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.