गृध्रः vulture, एवम् that way, बलीयसा by a stronger one, तेन रावणेन by that Ravana, हतः slain, रामेण by Rama, संस्कृतश्चासि cremated according to rites, उत्तमां गतिम् supreme abode, गतश्च reached.

'Thus the vulture was slain by Ravana who was stronger. Cremated by Rama and his last rites performed, he reached the supreme heavenly abode. (It was the luck of Jatayu, unlike Dasaratha, to be cremated by Rama.)