SPV Global Trading Ltd to Sell 54.90% Stake in Rashtriya Metal Industries Limited to Gravita India Limited for INR 310.17 Crores

SPV Global Trading Ltd has executed a Binding Term Sheet with Gravita India Limited for the sale of 22,79,410 equity shares representing 54.90% stake in Rashtriya Metal Industries Limited, a material subsidiary. The proposed transaction is expected to be completed on or before 31st March, 2026, subject to adjustments required, and is not a related party transaction. The sale price is ~ INR 310.17 Crores (Indian Rupees Three Hundred Ten Crore and Seventeen Lakhs).