# Foseco India acquires 75% stake in Morganite Crucible India

Foseco India Limited acquired a 75% stake in Morganite Crucible India Limited through a share swap deal, issuing 1,150,800 new shares. The acquisition strengthens Foseco's position in non-ferrous casting, especially aluminum.

- Type: Acquisition
- Announced: 2025-08-22
- Where: India
- Status: announced
- Products: foundry consumables, crucibles
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Foseco India](https://endata.com/companies/86812.md) (acquirer)
- [Morganite Crucible India](https://endata.com/companies/86813.md) (target)
- [Morgan Group](https://endata.com/companies/86814.md) (partner)

## Sources

- [business-news-today.com](https://business-news-today.com/foseco-india-stock-jumps-13-after-75-acquisition-of-morganite-crucible-india-in-share-swap-deal/), 2025-08-23: "Foseco India Limited announced the acquisition of a 75 percent stake in Morganite Crucible India Limited."
- [mtdcnc.com](https://mtdcnc.com/news/mtdcnc/foseco-india-to-acquire-75-stake-in-morganite-crucible-india-to-expand-presence-in-the-foundry-sector/), 2025-08-28: "Foseco India Limited (FIL), a leading player in the foundry sector and part of the global Vesuvius Group, has announced the signing of a definitive agreement to acquire a 75% equity stake in Morganite Crucible (India) Limited (MCIL)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.