Race Eco Chain Fuels Green Revolution with ₹9.5 Million Investment in Vasundhara Envirogreen

Race Eco Chain Ltd, a leader in waste management and recycling, has announced a strategic investment of ₹9.5 million in Vasundhara Envirogreen Pvt Ltd. The deal, set to close on March 5, 2025, will see Race Eco Chain acquire a 95% stake in Vasundhara through the issuance of 9,50,000 shares at ₹10 per share. This move aligns with Race Eco Chain's mission to promote a circular economy and reduce carbon footprints. The collaboration is expected to enhance India's waste management ecosystem by integrating advanced technologies and sustainable practices, furthering Race Eco Chain's commitment to organizing the unorganized waste industry.

 

Sources: Reuters, Race Eco Chain Official Website, MarketScreener