Race Eco Chain soars as its arm makes investment of Rs 5 crore in GEM Polymers
Race Eco Chain is currently trading at Rs. 260.00, up by 4.00 points or 1.56% from its previous closing of Rs. 256.00 on the BSE.
The scrip opened at Rs. 249.05 and has touched a high and low of Rs. 260.00 and Rs. 249.05 respectively. So far 981 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 457.25 on 02-Jul-2024 and a 52 week low of Rs. 232.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 261.10 and Rs. 249.05 respectively. The current market cap of the company is Rs. 448.69 crore.
The promoters holding in the company stood at 44.79%, while Institutions and Non-Institutions held 0.59% and 54.62% respectively.
Race Eco Chain’s subsidiary -- Ganesha Recycling Chain has made an investment in M/s GEM Polymers. GEM Polymers is a subsidiary of Ganesha Recycling Chain and a step-down subsidiary of the company. GEM Polymers is engaged in the business of recycling.
As part of this investment, 5,00,000 equity shares of M/s GEM Polymers having a face value of Rs 10 each have been allotted at a price of Rs 100 per share (comprising a premium of Rs 90 per share). The total investment amounts to Rs 5.00 crore.
Race Eco Chain is dedicated to creating & trading home textile products that take your breath away.
