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Gravita India’s arm sells stake in Gravita Nicaragua SA

06 Apr 2023 Evaluate

Gravita India’s step down subsidiary -- Gravita Netherlands BV has sold its equity in its subsidiary ‘Gravita Nicaragua SA’ situated in Nicaragua due to the lack in growth opportunities and political unstablity. Gravita Nicaragua SA had a plastic recycling facility of 9,600 MTPA. The facility was not having substantial business because of the country limitation and there were very few opportunities for further growth. In the proposed transaction, company is fully recovering its equity value.

Further, company is exploring some other regions in Central America for similar kind of facility with better margins and growth opportunities. This is in alignment with company’s plan to focus on higher ROCE business with the opportunities of scaling up.

Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.

Gravita India Share Price

1629.05 -18.70 (-1.13%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1037.30
Vedanta 271.60
Hindustan Zinc 595.50
Jain Resource Recycl 458.85
Gravita India 1629.05
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