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GRP inks MoU with Marangoni group for sale of equity shareholding in Joint Venture

15 Dec 2021 Evaluate

GRP has entered into a non binding Memorandum of Understanding (MoU) with the Marangoni group, Italy for the sale of its equity shareholding in the Joint Venture company Marangoni GRP. 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.

GRP is among the most recognized manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste and engineered products die-cut from end-of- life tyres. 

GRP Share Price

1899.00 -24.95 (-1.30%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Apcotex Inds 519.75
Pix Transmission 1526.30
GRP 1899.00
Harrisons Malayalam 225.00
Tinna Rubber & Infra 834.50
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