Gravita India to Acquire 98.95% Stake in Rashtriya Metal Industries for ₹559 Crore
Gravita India Ltd. will be in focus on Friday, March 13, after the Jaipur-based recycling company signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries Ltd. (RMIL) for a total consideration of ₹559.08 crore.The company noted in a regulatory filing that the transaction is expected to be completed by or before March 31, 2026.Strategic Expansion into Copper and Copper Alloys
RMIL generates nearly 40% of its revenue from exports to international markets, including the UAE, the US, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia. The company operates an integrated manufacturing facility in Sarigam, Gujarat...