Gravita India Limited Increases Shareholding in Subsidiary Rashtriya Metal Industries
Gravita India Limited announced an increase in its stake in Rashtriya Metal Industries Limited (RMIL), a subsidiary of the company.The company disclosed that it acquired an additional 20,400 shares in Rashtriya Metal Industries Limited. This acquisition represents 0.49% of the subsidiary's total share capital.
The increased acquisition improved Gravita India Limited's shareholding in RMIL. The company's stake rose from 98.95% to 99.44%.
The details of the shareholding change are summarized below:
| Metric | Previous Shareholding | Acquisition Details | New Shareholding |
|---|---|---|---|
| Subsidiary | Rashtriya Metal Industries Limited (RMIL) | Acquired: 20,400 shares (0.49%) | 99.44% |
| Percentage | 98.95% |
GRAVITA Stock Price Movement
Gravita India Limited shares gained strength today, finishing the session at ₹1669 after a 2.71% climb. The equity saw notable buying interest, with 285,531 shares traded during the session.Source:
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