Race Eco Chain (NSE:RACE, BOM:537785) said it has invested 25.5 million Indian rupees in subsidiary Ganesha Recycling Chain, through a rights issue, according to a Tuesday filing with the Indian exchanges.
The company was allotted 255,000 equity shares at 100 rupees per share, including a 90 rupees premium.
Following the investment, Race Eco Chain's stake in the subsidiary remains unchanged at 51%, the filing said.
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