Gravita India Limited — Updates, 06-11-2024: Press Release

Gravita India Ltd. announced that its step-down subsidiary, Navam Lanka Limited, has completed a buyback of 229,087 shares, representing 25.56% of its total capital, at a price of LKR 3,530 per share, totaling approximately INR 23 crores. As a result, Gravita Netherlands B.V.'s ownership in Navam Lanka increased from 52% to 69.85%. Notably, Gravita Netherlands did not participate in this buyback.