Gravita India Limited has informed the Exchange about General Updates
GRAVITA · price
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Gravita India has incorporated a new step-down subsidiary called 'Recyclers Dominicana RDS, S.A.S' in the Dominican Republic, with the company receiving the intimation on 24th June 2025. The new entity will engage in recycling, manufacturing, and marketing of plastic, metals, ferrous and non-ferrous metals, as well as export, import, and marketing of recycled products and derivatives. The subsidiary was incorporated on 13th June 2025, with 99% held by Gravita Netherlands B.V. (another step-down subsidiary) and 1% by Gravita Global Pte. Ltd. (wholly owned subsidiary). The total investment involves 9,700 shares at RD$ 100 per share, though turnover is not applicable as the entity is newly incorporated.
This is a minor corporate event marking Gravita's expansion into the Caribbean/Latin American recycling market through a newly formed subsidiary. The financial impact is negligible given the small initial capital outlay, but it signals the company's continued international growth strategy in the recycling and waste management space.