Race Eco Chain (RACE) has invested an additional ₹1.173 Cr in its recycling subsidiary, Ganesha Recycling Chain Private Limited.

This capital injection, made through a rights issue for 1,17,300 equity shares, is part of RACE's strategy to expand its business in the recycling sector.

The company maintains its 51% ownership stake in Ganesha.

Ganesha Recycling Chain, incorporated in late 2024, has an Authorized Capital of ₹10 Cr and a Paid-Up Capital of ₹7.53 Cr.

This strategic move aims to bolster the subsidiary's operations and drive growth.