GRAVITA

's board approved signing a term sheet to acquire up to 100% of Rashtriya Metal Industries Ltd (RMIL) for ₹565 crore. The acquisition is subject to due diligence and other conditions. RMIL, with a ₹300 crore net worth, ₹558 crore assets, and ₹910 crore turnover, will become a Gravita subsidiary, expanding its presence and capabilities.