Joint Venture12 Sept 2024, 01:42 am
GANESHA ECOSPHERE LTD. Incorporates Joint Venture Company for Plastic Recycling
AI Summary
GANESHA ECOSPHERE LTD. has incorporated a Joint Venture Company named 'GANESHA RECYCLING CHAIN PRIVATE LIMITED' in collaboration with RACE ECO CHAIN LIMITED. The joint venture aims to set up washing plants for producing pet flakes. The joint venture company has an authorized share capital of Rs.10,00,00,000/- and a paid-up share capital of Rs.6,00,00,000/-. The joint venture is a strategic investment by GANESHA ECOSPHERE LTD. to strengthen its raw material supply chain of PET waste.
Key Highlights
- GANESHA ECOSPHERE LTD. and RACE ECO CHAIN LIMITED incorporate a Joint Venture Company
- Joint Venture Company named 'GANESHA RECYCLING CHAIN PRIVATE LIMITED' with an authorized share capital of Rs.10,00,00,000/-
- The joint venture aims to set up washing plants for producing pet flakes
- The joint venture is a strategic investment by GANESHA ECOSPHERE LTD. to strengthen its raw material supply chain of PET waste
- No governmental or regulatory approval is required for such investment