Complex sentence: On the eight day the ritual involves pulling of a gate (meaning replacing an old gate that marks the property) which is followed by people of villages formally exchanging visits in the next two days and offering greetings.
Split into simpler sentences: On the eight day the ritual involves pulling down of a gate (meaning replacing an old gate that marks the property). This is followed in the next two days by the people of villages formally exchanging visits and offering greetings.