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Gravita India divest 100% stake in Gravita Georgia LLC

27 Sep 2011 Evaluate

Gravita India has disinvested its 100% stake in Gravita Georgia LLC and the sale has been affected in Georgia Public Registry on September 26, 2011. Recently, the company had acquired the balance 20% stake in Metal Inc, Kathua in partnership with its subsidiary Gravita Exim. With this addition, Gravita had acquired 100% stake in the said unit. The unit name had been changed to Gravita Metal Inc.

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.

Peers
Company Name CMP
Hindalco Industries 967.30
Vedanta 262.00
Hindustan Zinc 591.35
Jain Resource Recycl 285.00
CMR Green Tech 231.35
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