Announced Wed, 28 Oct, 2026 · 17:38 IST
Eco Recycling forms 50:50 joint venture, ERI India, with ERI USA
ECORECO · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Eco Recycling and Electronic Recyclers International Inc of the USA incorporated ERI India Private Limited in Mumbai on October 28, 2026. Each partner subscribed 50,000 equity shares of Rs 10 each, investing Rs 5 lakh in cash for a 50% stake. ERI India's authorised capital is Rs 1 crore. It will undertake e-waste management, material recovery and sustainable recycling in India and abroad.
Likely market impact
The joint venture may support growth through ERI's expertise, but no revenue, profit or further funding commitment beyond the Rs 5 lakh subscription is disclosed.