Announced Wed, 28 Oct, 2026 · 17:20 IST
Eco Recycling incorporates 50:50 e-waste joint venture in India
ECORECO · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Eco Recycling and US-based Electronic Recyclers International have incorporated ERI India Private Limited in Mumbai. The new company will undertake e-waste management, material recovery and sustainable recycling in India and abroad. Each partner subscribed 50,000 shares of Rs 10, investing Rs 5 lakh. The joint venture has authorised capital of Rs 1 crore, and Eco Recycling holds 50%.
Likely market impact
Ecoreco gains a 50% stake in an e-waste venture, widening its market reach. Its initial investment is Rs 5 lakh; financial benefits are not stated.