Race Eco Chain Limited — Important, 15-04-2025: General Updates

Race Eco Chain Limited has invested INR 2.55 crore in Ganesha Recycling Chain Private Limited, a subsidiary, acquiring 2,55,000 equity shares at INR 100 each (including a premium of INR 90 per share). This investment maintains Race Eco Chain's 51% stake in the subsidiary. The strategic decision supports the company's goal to broaden its recycling operations within India, aligning with long-term growth objectives in the sector. Investors should consider this move as a potential growth opportunity for Race Eco Chain, reflecting a focused expansion strategy within the recycling industry. Watch closely for further developments as the subsidiary begins operations.