GRP has disposed its holding of 50% of equity shares in its Joint Venture company -- Marangoni GRP (MGPL). The company has received consideration of Euros 710,000 from such disposal. Earlier, the company had 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.
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.
