Gravita to buy 100% stake in Rashtriya Metal Industries for up to INR 565 cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

GRAVITA · price

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Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹1674.90

prior close

₹1735.00

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.9% vs market

Industrial Minerals peers, median of 12sector-0.1%+1.5% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Smallcap 250 and 1.5 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · Industrial Minerals peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Gravita India will acquire up to 100% stake in Rashtriya Metal Industries (RMIL), a copper and copper alloy products maker established in 1946, for up to INR 565 crores in cash. RMIL had turnover of INR 910 cr in FY25 and net worth of INR 300 cr. Deal expected to close by March 31, 2026, subject to due diligence. Not a related party transaction. Gravita also plans to enter copper recycling business.

Likely market impact

Strategic expansion into copper products and recycling. RMIL becomes a subsidiary, adding about INR 910 cr in turnover. Watch for open offer trigger and deal completion.