Acquisitions21 Feb 2026, 06:23 pm
Race Eco Chain Ltd to Invest in Proposed Subsidiary 'Race Grassland Private Limited'
AI Summary
Race Eco Chain Ltd announced at its Board Meeting on February 20, 2026, the approval to invest in and subscribe to 51% of the share capital of the proposed company, 'Race Grassland Private Limited', which will become a subsidiary of Race Eco Chain Ltd upon incorporation. The new subsidiary will be involved in various activities related to green energy production, recycling objects, and social forestry, among others.
Key Highlights
- Race Eco Chain Ltd to invest in and subscribe to 51% of the share capital of Race Grassland Private Limited.
- Race Grassland Private Limited will be involved in green energy production, recycling objects, and social forestry, among other activities.
- The new subsidiary will be a related party of Race Eco Chain Ltd upon incorporation.
- The acquisition cost for Race Eco Chain Ltd is Rs. 7,65,000.
- Race Grassland Private Limited is yet to be incorporated.