Subsidiary26 Oct 2026, 02:38 pm
Gravita India Incorporates Wholly Owned Subsidiary in USA
AI Summary
Gravita India Ltd has announced the incorporation of its wholly owned subsidiary, Gravita Recyclers USA Inc., in the United States of America. This move follows an earlier intimation and is part of the company's expansion strategy. The subsidiary will engage in the trading of scrap and scrap materials. The initial capital investment is USD 50,000, with Gravita India holding 100% shareholding. The incorporation is considered a related party transaction as it is a wholly owned subsidiary.
Key Highlights
- Gravita India Ltd incorporated a wholly owned subsidiary in the USA.
- The subsidiary, Gravita Recyclers USA Inc., will focus on scrap trading.
- Initial capital investment is USD 50,000.
- Gravita India holds 100% shareholding in the new entity.
Price Impact
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