Gravita India Limited skim off its stake in Gravita Honduras


Jaipur, 28th September, 2012 : Gravita has sold its complete 33.33% stake in its Associate company Gravita Honduras S A de C. V. For the purpose, Mr Rajat Agrawal, Managing Director of the Company signed the Share Purchase Agreement at Honduras on behalf of Gravita India Limited.

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The Company disinvested from the venture due to operational losses and scarcity of raw material in the vicinity of the Plant.

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