Gravita India has announced an increase in its shareholding in Rashtriya Metal Industries Limited (RMIL), a subsidiary of the company. The company acquired an additional 20,400 shares, representing 0.49% of RMIL. This acquisition raises Gravita India‘s total stake in RMIL from 98.95% to 99.44%.
The acquisition is part of Gravita India’s strategic efforts to consolidate its holdings in RMIL. The company had previously disclosed its intentions to increase its stake in RMIL in a filing dated 12th March 2026. The latest acquisition aligns with the company’s ongoing efforts to strengthen its position in its subsidiary.
Rashtriya Metal Industries Limited is a significant part of Gravita India’s operations, and the increased stake is expected to enhance the company’s influence and control over RMIL’s business activities. Gravita India continues to focus on expanding its business and improving its operational efficiencies through strategic investments in its subsidiaries.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).