Foseco India sold 20% stake in the company to Cookson Group Plc. for about Rs 536.4 million through an open offer.
Cookson Group Plc has bought 1,277,292 equity shares, representing around 20% stake in Foseco India, at a price of Rs 420 a share.
Following the acquisition of 20% stake in Foseco, the shareholding of the public in the firm stands at 13.52%. Prior to the public offer, the public shareholding stood at 33.52%.(My Iris)