Mumbai, Feb. 10 -- The proposed acquisition involves the purchase of shares from the existing shareholders of RMIL, which upon completion will result in RMIL becoming a subsidiary of Gravita.

RMIL is one of the most reputed manufacturers of copper & copper alloy products (strips, coils etc.) with nearly 40% exports to UAE, USA, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia etc.

RMIL has an integrated manufacturing facility in Sarigram, Gujarat across 58,287 square meters of land with a production capacity of 31,200 MTPA. Further, RMIL is having a turnover of Rs 910 crore and EBITDA of Rs 60 crore for the year ended 31 March 2025.

The purchase consideration for the proposed acquisition of 100% equity stake is approximate...