Vesuvius India520113Refractories
Vesuvius India surged nearly 10% after global parent RHI made a fresh acquisition offer for Vesuvius global at around $551 per share
- Stock move today
- almost 10 percent
- Offer value per share
- 551
- Deadline for RHI decision
- 27th of October
- Combined refractory market share
- 40 percent
Heard on Live TV News Channel between 13:54:59 - 13:57:59 IST.
- Vesuvius India rallied nearly 10%, the biggest mover among gainers.
- RHI, the global listed company, made a fresh offer to acquire ~100% stake in Vesuvius global, after three to four prior attempts in the last year.
- Offer is a mix of cash and share swap, valuing shares at around 551 per share; deadline for RHI's decision is October 27.
- Street expects mandatory open offer for Vesuvius India if the global ownership changes.
- Combined entity would command over 40% of refractory market, aiding pricing and profitability; RHI has historically merged acquired entities.
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Vesuvius India shares gained over 10% after RHI Magnesita proposed to acquire 100% of the company via a cash and share swap
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Source: Live TV News Channel · 30 Sep 2026
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