Gravita India Ltd to Acquire Rasthriya Metal Industries Limited for ~ Rs. 565 crore

Gravita India Limited, a leading recycling company with a global presence, has announced that it has signed a binding term sheet for the proposed acquisition of equity stake up to 100% in Rasthriya Metal Industries Limited (RMIL). The proposed acquisition involves the purchase of shares from the existing shareholders of RMIL, which upon completion will result in RMIL becoming a subsidiary of Gravita. RMIL is a reputed manufacturer of copper & copper alloy products with a production capacity of 31,200 MTPA and a turnover of Rs. 910 crores for the year ended 31* March, 2025. The purchase consideration for the proposed acquisition of 100% equity stake is ~ Rs. 565 crore. The transaction is expected to be completed by 31st March 2026, subject to necessary approvals and satisfaction of customary closing conditions.