Race Eco Chain Invests ₹1.02 Cr in Subsidiary Ganesha Recycling

Race Eco Chain Limited has invested INR 1,02,00,000 in its subsidiary, Ganesha Recycling Chain Private Limited, through a rights issue. The investment secured 1,02,000 equity shares, maintaining Race Eco Chain's 51% ownership. Ganesha Recycling Chain Private Limited, incorporated on September 10, 2024, operates in the recycling industry and is an Indian company. The investment is part of Race Eco Chain's corporate objective to expand its business. The transaction is considered a related party transaction and was conducted on an arm's length basis.