India, Aug. 25 -- Foseco India has executed a definitive agreement to acquire a 75% stake in Morganite Crucible (India) (MCIL), from its current promoters viz. Morganite Crucible and Morgan Terrassen B.V., part of Morgan Group of companies, to increase its exposure to the Foundry business in India. MCIL is the holding company for the Molten Metals Systems (MMS) business in India, a provider of high-tech crucibles, particularly for non-ferrous applications.FIL is acquiring a 75.00% shareholding in MCIL the consideration for which shall be payable by FIL through issuing and allotting 1,150,800 fresh equity shares of FIL using a swap ratio of 274 FIL shares for every 1000 MCIL shares.The proposed acquisition will also trigger a mandatory open ...