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GRP has informed that the company has entered into a non binding Memorandum of Understanding (MoU) with the Marangoni group, Italy on December 14, 2021 for the sale of its equity shareholding in the Joint Venture company Marangoni GRP Pvt Ltd. The terms and conditions of this sale will be finalised in due course and the same shall be informed when the binding share sale agreement is executed, on or before March 31, 2022.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Apcotex Industries 609.55
Pix Transmission 1739.30
Rubfila Internatl. 66.31
Tinna Rubber & Infra 1001.45
GRP 1980.05
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