Gravita India Acquires 98.95% Stake in Rashtriya Metal for Rs. 559 Crores
Filing Summary
Gravita India Limited has signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries Limited for a total consideration of Rs. 559 Crores. The acquisition is expected to be completed by March 31, 2026. Rashtriya Metal is a manufacturer of copper and copper alloy products with a significant export presence. This acquisition will enable Gravita to expand into copper and copper alloy products, complementing its existing recycling operations. Global M&A advisory firm Singhi Advisors and legal advisor Crawford Bayley & Co. facilitated the transaction.
Gravita India Limited has signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries Limited for a total consideration of Rs. 559 Crores. The transaction is expected to close on or before March 31, 2026.
Rashtriya Metal Industries Limited is a manufacturer of copper and copper alloy products, including strips and coils. Approximately 40% of its revenue is derived from exports to international markets such as the UAE, USA, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia. The company operates an integrated manufacturing facility in Sarigam, Gujarat, with an installed production capacity of 31,200 MTPA.
The acquisition will allow Gravita to expand into copper and copper alloy products, including recycling from copper scrap to copper alloys. This complements Gravita’s existing businesses in lead, plastic, rubber, and aluminum recycling. The move aligns with India’s Make in India initiatives, providing access to high-entry-barrier and policy-supported segments.
Global M&A advisory firm, Singhi Advisors, acted as an exclusive strategic and financial advisor, while Crawford Bayley & Co. served as a legal advisor to Gravita for this transaction.
Gravita India Limited is a global leader in recycling, focusing on lead, plastic, rubber, and aluminum. The company aims to enhance its position as an integrated recycling and value-added product manufacturer. The acquisition of Rashtriya Metal Industries aligns with its strategic goals to diversify and strengthen its market presence.