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Foseco India Limited ( (IN:FOSECOIND) ) has provided an update.
Foseco India Limited has announced an extension of the Long Stop Date in its Share Purchase Agreement with Morganite Crucible Limited and Morgan Terrassen B.V. The agreement involves the acquisition of 42,00,000 equity shares, constituting 75% of Morganite Crucible (India) Limited’s equity. The extension moves the completion date to October 31, 2025, allowing more time for closing formalities. This extension indicates a strategic move by Foseco India Limited to ensure a smooth acquisition process, potentially impacting its market position and stakeholder interests.
More about Foseco India Limited
Average Trading Volume: 1,701
Technical Sentiment Signal: Strong Buy
Current Market Cap: 35.15B INR
See more data about FOSECOIND stock on TipRanks’ Stock Analysis page.