Friday, September 29, 2023

Nomura Buys 4.64% Stake in Gravita India

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Jaipur (Rajasthan) [India], May 31: Gravita India Limited (Gravita) a leading recycling company with 11 eco-conscious state-of-the-art manufacturing facilities across the globe. The Group has global footprint in 70+ countries having recycling DNA of 30+ years with 5 business verticals.

As per the block deal details from NSE Nomura has bought32,00,000 equity shares of the Company at ₹ 565 during block deal window, which is 4.64% of the equity of the Company.

With this, QIB holdings in the company almost reaches to 8% of the total equity

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

Today, the stock touched 52 weeks high of ₹ 601 and closed at₹ 578.90.

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