Gravita India Limited has informed the Exchange regarding a press release dated February 09, 2026, titled "Gravita signs binding term sheet for acquisition of Rasthriya Metal Industries Limited".
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Gravita India Limited has signed a binding term sheet to acquire Rasthriya Metal Industries Limited, as communicated via a press release dated February 9, 2026. The term sheet is a preliminary agreement that outlines the key terms of the deal and commits both parties to move towards a final acquisition. Specific financial details such as deal value, stake size, and consideration structure have not been disclosed in this filing. Further announcements are expected once a definitive agreement is reached.
This acquisition could expand Gravita's manufacturing capacity or footprint in the metals/recycling space. Shareholders should watch for follow-up filings on deal value, open offer obligations (if applicable), and timeline for completion.