Fundraise / allotmentFiled on BSE ·
Gravita India Ltd to invest ₹94.42 crore in rights issue of subsidiary RMIL
Gravita India Ltd · Minerals & Mining
What the filing says
- Gravita India Ltd approved an additional investment of approx. ₹94.42 crore to subscribe to the rights issue of Rashtriya Metal Industries Ltd (RMIL), its material subsidiary.
- RMIL is engaged in manufacturing copper and copper alloy products, with turnover of ₹1,041 crore in FY 2025-26, and has presence in India and exports to multiple countries.
- Post-rights issue, Gravita's shareholding in RMIL remains at approx. 99.588%, and the transaction is at arm's length with no additional promoter interest.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
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More from Gravita India Ltd
- Fundraise / allotmentGravita India Ltd announces Rs. 94.81 crore rights issue by subsidiary RMIL
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.