GRP has received approval from board of directors to divest 100% equity stake in Grip Polymers - a wholly owned subsidiary company. As on date, GRP, together with its nominees, is holding 31,00,000 equity shares of Rs 10 each constituting 100% paid up & issued capital of the Grip Polymers. The expected date of completion of sale is on March 25, 2023 subject to regulatory approvals. The Board of Directors of the Company at its meeting held on February 09, 2023, has considered and approved the same.
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.
