Announced Fri, 17 Jul · 19:18 IST
Race Eco Chain invests Rs 1.17 cr in subsidiary, 51% stake unchanged
Strategic Transactions View source PDF
RACE · price
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Price reaction · full curve 14 horizons · vs prior close
-2.7%1-day move
₹110.95
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.7+0.0-2.6-1.1-1.5—————
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AI summary
Race Eco Chain Limited invested Rs 1.17 crore (1,17,30,000) in its subsidiary Ganesha Recycling Chain Private Limited by subscribing to a rights issue. The company was allotted 1,17,300 equity shares on 17 July 2026. The investment maintains the existing 51% ownership in the subsidiary, which operates in the recycling business. The transaction is a related party deal, carried out at arms length in cash.
Likely market impact
Minor capital infusion into existing subsidiary; ownership and control remain unchanged at 51%. Likely neutral for shareholders.