Gravita India’s step-down subsidiary -- Gravita Netherlands BV (GNBV) has planned to make further investment in Gravita Europe S.R.L., a subsidiary of GNBV. This investment will involve the acquisition of an additional 3,50,891 shares, representing 15% of Gravita Europe S.R.L.
As a result of this acquisition, Gravita Netherlands B.V.'s shareholding in Gravita Europe S.R.L. will increase from the current 80% to 95%. The business of Gravita Europe S.R.L. is not outside the main line of business of the listed entity.
Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.
| Company Name | CMP |
|---|---|
| Hindalco | 1041.70 |
| Vedanta | 305.00 |
| Hindustan Zinc | 641.55 |
| Jain Resource Recycl | 541.80 |
| Gravita India | 1685.90 |
| View more.. | |
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