Gravita India, the Jaipur based Indian Multinational Company (MNC), has sold its entire 33.33% stake in its associate company Gravita Honduras S A de CV. For the purpose, the company’s director signed the share purchase agreement at Honduras on behalf of Gravita India.
The company disinvested from the venture due to operational losses and scarcity of raw material in the vicinity of the plant.
Gravita India along with its subsidiaries has business across border in about 44 countries. The company deals in Lead and Lead related products. The major products of the company comprise of pure Lead, Refined Lead Ingots, Lead Alloy, Red Lead, Litharge etc. The company is also engaged into trading activities and supply of Lead plants and turnkey projects.
