Investment24 Dec 2025, 09:12 am
Gravita India Ltd: Gravita Netherlands B.V. to Increase Stake in Gravita Europe S.R.L. by 15%
AI Summary
Gravita Netherlands B.V., a step-down subsidiary of Gravita India Ltd, has decided to further invest in Gravita Europe S.R.L., a subsidiary of Gravita Netherlands B.V. This investment will involve the acquisition of an additional 3,50,891 shares, representing 15% of Gravita Europe S.R.L. The total cash consideration for this acquisition is approximately 685,000 EURO or 7.24 Crores INR.
Key Highlights
- Gravita Netherlands B.V. to increase its stake in Gravita Europe S.R.L. by 15%
- The acquisition involves the purchase of 3,50,891 shares of Gravita Europe S.R.L.
- The total cash consideration for this acquisition is approximately 685,000 EURO or 7.24 Crores INR
- Gravita Europe S.R.L. is engaged in Trading and Recycling of waste tyre in Romania
- The acquisition is expected to be completed within approximately 30 days, subject to necessary approvals