Gravita India Limited — Others, 02-05-2025: Monitoring Agency Report

Gravita India Ltd. has announced a report by ICRA Limited on its ₹1000 Cr Qualified Institutional Placement proceeds. Out of ₹981.42 Cr net funds, ₹530 Cr is allocated for debt repayment, ₹250 Cr for working capital, and ₹201.42 Cr for general corporate purposes. So far, ₹726.64 Cr has been deployed, with the remaining ₹273.36 Cr parked in fixed deposits and money market funds earning 7.9%-8.5%. The company is progressing as planned, supporting financial stability and growth through disciplined capital use.