ELPRO International Ltd has acquired further equity shares in Ganesha Ecosphere Ltd for Rs 75.8 million, nearly doubling its stake in the pioneer of recycled polyester fiber. This deal spotlights growing investor confidence in sustainable materials and India’s circular economy momentum.
ELPRO International Ltd , a diversified business entity, has made a significant investment by purchasing additional equity shares of Ganesha Ecosphere Ltd , India’s leading manufacturer of recycled polyester (rPET) fiber and yarn. The Rs 75.8 million acquisition sharply increases its holding and strengthens its positioning in the sustainable textiles supply chain.
The transaction involved the purchase of approximately 53,566 equity shares, taking ELPRO’s stake to 117,606 shares, according to recent company filings. The move aligns with ELPRO’s strategy to pursue growth opportunities in eco-friendly sectors and capitalize on Ganesha Ecosphere’s consistent double-digit revenue growth. Ganesha Ecosphere, which turns PET bottle scrap into high-value fiber, posted a 30.5% jump in operating revenue for FY25, reaching Rs 1466 crore.
This deal not only highlights the growing market for recycled materials but also demonstrates ELPRO’s commitment to India’s green manufacturing revolution. Both companies are well-positioned to benefit from rising demand for quality recycled textile inputs amid global sustainability trends.
Key Highlights:
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ELPRO International Ltd acquires 53,566 shares in Ganesha Ecosphere Ltd , valuing the deal at Rs 75.8 million
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ELPRO’s stake in Ganesha Ecosphere nearly doubles, boosting its presence in sustainable fiber manufacturing
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Ganesha Ecosphere reported a 30.5% increase in revenue for FY25, signaling robust demand for recycled PET fiber
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Investment supports India’s circular economy drive and global push for environmentally friendly textiles
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No related party transactions involved in the deal
Sources: ScanX Trade, Business Regulatory Filings, Udaipur Kiran