Our Company has further invested in the Subsidiary Company pls find attached intimation for the same
RACE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Race Eco Chain Limited has invested ₹2.55 crore in its subsidiary Ganesha Recycling Chain Private Limited by subscribing to a Rights Issue on June 11, 2025. The company was allotted 2,55,000 equity shares at ₹100 per share (face value ₹10, premium ₹90). Despite the fresh investment, Race Eco Chain's ownership stake in Ganesha Recycling remains unchanged at 51%. Ganesha Recycling, incorporated in September 2024, operates in the recycling industry in India and currently has a paid-up capital of ₹7 crore post-issue. The transaction is a related party deal done at arm's length basis, funded through cash.
This is a capital infusion into an existing subsidiary without any change in ownership control. It signals the parent's commitment to expanding its recycling business, but since the stake stays at 51%, there is no major impact on consolidation or shareholder dilution at the listed entity level.