Gravita India Incorporates New Subsidiary in Mozambique
Gravita India Ltd has announced the incorporation of Green Maputo Recyclers, LDA, a step-down wholly owned subsidiary, in the Republic of Mozambique. This new entity, incorporated on October 2, 2026, aims to explore future business opportunities and expand the company's recycling operations in Lead, Aluminium, and Rubber. The incorporation was facilitated through its step-down subsidiary Gravita Netherlands B.V. and wholly owned subsidiary Gravita Global Pte. Ltd., Singapore. The cost of acquisition is USD 2,00,000, with Gravita Netherlands B.V. holding 99% and Gravita Global Pte. Ltd. holding 1% of the shares. The company is newly incorporated and has yet to commence business, with no turnover reported yet. This move signifies Gravita India's strategic expansion into new geographical markets for its core recycling business.
Key Highlights
- Gravita India establishes a new step-down subsidiary in Mozambique.
- The subsidiary, Green Maputo Recyclers, LDA, will focus on recycling operations.
- Expansion into Lead, Aluminium, and Rubber recycling markets is planned.
- Acquisition cost amounts to USD 2,00,000.
- The move aligns with the company's strategy for global market expansion.
Price Impact
More from GRAVITA