Race Eco Chain (RACE) — Corporate Action

📢 Key Event
Investment of INR 1.17 crores in Ganesha Recycling Chain Private Limited via rights issue

🔄 What Changed
Acquisition of 1,17,300 shares increasing stake to 51% ownership

💡 Investor Takeaway
The investment expands the company's recycling business while maintaining existing ownership levels.

Race Eco Chain Limited announced on 17 July 2026 that it invested INR 1.17 crores to acquire 1,17,300 equity shares in its subsidiary Ganesha Recycling Chain Private Limited, maintaining 51% ownership. The investment was made through a rights issue and is part of the company's strategy to expand into recycling.

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About Race Eco Chain Limited (RACE)

Utilities · Other Utilities · Listed on NSE

Market Cap: ₹225.78 Cr P/E: 37.4

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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