Gravita India Limited skim off its stake in Gravita Honduras

Jaipur, 28th September, 2012 : Gravita has sold its complete 33.33% stake in its Associate company Gravita Honduras S A de C. V. For the purpose, Mr Rajat Agrawal, Managing Director of the Company signed the Share Purchase Agreement at Honduras on behalf of Gravita India Limited.

The Company disinvested from the venture due to operational losses and scarcity of raw material in the vicinity of the Plant.