Morganite Crucible Limited sold 11,50,800 shares of Foseco India Limited through a block trade, representing a 15.27% stake. This transaction marks a full exit for the promoter group entity.
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.
