Recycling stock jumps after it further invests ₹2.45 Cr in its associate company of plastic recyclingRecycling stock jumps after it further invests ₹2.45 Cr in its associate company of plastic recycling

Introduction:

Leading recycling company has invested ₹2.45 crore in its associate firm by subscribing to 2,45,000 equity shares on a rights basis, reinforcing its commitment to sustainable growth in the plastic recycling sector.

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Share price movement of Ganesha Ecosphere:

On April 16, 2025, Ganesha Ecosphere Ltd opened at ₹1,600.10, down 1.09% from its previous close of ₹1,617.65. The stock touched a high of ₹1,609.00 (0.57%) and a low of ₹1,576.10. By 2:56 PM, it traded at ₹1,603.50 with a market cap of ₹4,064.39 crore.

Ganesha Ecosphere Invests ₹2.45 Crore in Associate Company:

Ganesha Ecosphere Limited has announced an investment of ₹2.45 crore in its associate firm, Ganesha Recycling Chain Private Limited. The investment was made by subscribing to 2,45,000 equity shares on April 15, 2025.

Each share has a face value of ₹10 and was issued at ₹100, including a premium of ₹90, on a rights basis. This move reflects Ganesha Ecosphere’s continued commitment to expanding its footprint in the plastic recycling sector through strategic equity participation.

Ace investor holding in Ganesha Ecosphere:

Sangeeta Pareekh

Sangeeta Pareekh holds 483,472 shares, representing a 1.90% stake in Ganesha Ecosphere Ltd, with her total holding valued at approximately ₹77.7 crore as of the latest data.

Stock performance of Ganesha Ecosphere for Period of 1 week, 6 months, and 1 year:

Ganesha Ecosphere Ltd delivered a 7.65% return over the past week, but declined by 30.3% in the past six months. The stock gained 59.4% over the past year.

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Shareholding pattern of Ganesha Ecosphere:

Particulars	Mar 2025	Dec 2024	Sep 2024
Promoter	36.10%	35.90%	35.90%
FII	10.40%	12.10%	10.30%
DII	22.20%	21.90%	22.70%
Public	31.20%	29.90%	31.00%
Others	0.10%	0.20%	0.20%

About Ganesha Ecosphere:

Ganesha Ecosphere Ltd (NSE: GANECOS) is a leading PET waste recycling company in India, manufacturing Recycled Polyester Staple Fibre, spun yarn, and dyed texturised yarn. It was established in 1987.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.