- Race Eco Chain Limited (BSE: 537785 | NSE: RACE) invested ₹1.17 crore in its subsidiary Ganesha Recycling Chain Private Limited on 17 July 2026.
- The cash payment secured 1,17,300 equity shares, maintaining a 51 % ownership stake—unchanged control over the subsidiary.
- Classified as a related‑party, arms‑length transaction under SEBI Regulation 30; no government approvals were needed.
- The funding supports the company’s stated goal to expand its recycling operations.
Race Eco Chain's modest cash investment to retain a 51% stake in its recycling subsidiary is seen as a small, strategic move that should lift the stock slightly. The impact is expected to be modest and short‑lived.
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Forecast from comparable, historic events. Not investment advice.
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