27 Jun 2024

Ganesha Ecosphere gains on making further investment of Rs 100 crore in Ganesha Ecopet

Ganesha Ecosphere is currently trading at Rs. 1416.75, up by 6.90 points or 0.49% from its previous closing of Rs. 1409.85 on the BSE.

The scrip opened at Rs. 1430.00 and has touched a high and low of Rs. 1430.00 and Rs. 1410.95 respectively. So far 125 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1433.25 on 25-Jun-2024 and a 52 week low of Rs. 813.00 on 03-Nov-2023.

Last one week high and low of the scrip stood at Rs. 1433.25 and Rs. 1298.60 respectively. The current market cap of the company is Rs. 3573.54 crore.

The promoters holding in the company stood at 36.44%, while Institutions and Non-Institutions held 31.23% and 32.34% respectively.

Ganesha Ecosphere has made further investment of Rs 100 crore in the Equity Share Capital of the Ganesha Ecopet, a Wholly Owned Subsidiary of the Company on June 26, 2024 by subscribing to 10,00,00,000 Equity Shares of Face Value of Rs 10 each, at PAR, on rights basis. The above invested funds will be used by the subsidiary in repayment of its debts and/ or other general corporate purposes. 

Ganesha Ecosphere is a leading PET Bottle Recycler engaged in the recycling of PET plastic bottle waste to polyster spun yarn, rPET fiber and rPET yarn.