Institutions and Marquee Investor Increases Stake In Gravita India

ANI PR Wire
20 Jan 2023, 17:00 GMT+10

New Delhi [India], January 20 (ANI/PNN): Gravita India Limited (Gravita) is a strong established company recycling various materials like Lead, plastic, aluminum and rubber by establishing its footprint in the overseas market. The company has fifteen eco-friendly manufacturing facilities across three continents: Africa, Asia and Central America. The overall current capacity is 2,27,719 MTPA with 67 per cent in India and 33 per cent overseas.

As per the updated shareholding pattern Goldman Sach India Equity has bought 10,89,213 equity shares of the Company during October- December quarter. This brings to 1.58 per cent stake in the Company.

Similarly, veteran investor Ashish Kacholia has also increased its holding in Gravita India. As per September holding, Kacholia was holding 13,51,649 equity shares with 1.96 per cent stake in the Company. During October-December quarter, his holding in the Company is increased to 14,34,399 shares with 2.08 per cent stake in the Company.

Earlier, the Abu Dhabi Investment Authority -- a sovereign state-owned wealth fund -- has bought 556,493 equity shares of Gravita India Ltd at a price of Rs 332 per share in a block deal on October 7th, 2022. This accounts for 0.81 per cent share in Gravita India Ltd.

Institutional holding has increased from 0.79 per cent in September quarter to 3.49 per cent in December quarter.

The strong performance and business growth kept attracting valuable investors to the Company.

Today, the stock is trading around Rs 470; almost doubled in last 6 months.

This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.

More Information

null in null

International

Section

Turkey, France battle wildfires amid early Europe heatwave

ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...

Venetians protest Bezos wedding with march through the town

VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...

New French law targets smoking near schools, public spaces

PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...

Trump hints at DOGE investigation of Musk subsidies

WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...

Native leaders, activists oppose detention site on Florida wetlands

EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

Sports

Section