Foseco India Block Deal: SBI, Mirae, Invesco Buy Promoter Stake

Foseco India witnessed significant block deal activity on August 27, 2026, with promoter entities divesting 11.51 lakh shares. This secondary share sale was valued at up to ₹664.4 crore.

Key Transaction Details

• Shares Sold: 11.51 lakh shares
• Price Per Share: ₹5,897
• Total Sale Value: Up to ₹664.4 crore

The selling entities, Morganite Crucible and Morgan Terrassen B.V., collectively offered their entire 15.27% stake in the transaction. Morgan Terrassen B.V. sold 5,60,056 shares, while Morganite Crucible divested 5,90,744 shares.

Major Acquirers

Several prominent domestic mutual funds and global investors were key buyers in the block deal.

• SBI Mutual Fund: Acquired 3,22,297 shares
• Mirae Asset Mutual Fund: Purchased 2,91,793 shares
• Invesco Mutual Fund: Bought 2,54,446 shares
• Other buyers included LIC Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Catamaran Ventures LLP, Citigroup Global Markets Singapore, and Morgan Stanley Asia Singapore.

Notably, this substantial sale did not impact the promoter group’s holding in Foseco India, which remains at 63.54%. The divested shares were classified as belonging to public shareholders.

Market Reaction

Following the block deal, Foseco India’s shares closed higher, indicating positive market sentiment towards the institutional buying.

• Closing Price: ₹6,047 on Wednesday
• Daily Gain: Closed 7.68% higher
• Year-to-Date Performance (2026): Gained over 23%
• Last 12-Month Performance: Negative return of 6%

The institutional interest in Foseco India shares underscores a notable shift in ownership, even as the stock navigates mixed performance metrics over different timeframes.