Ganesha Ecosphere Limited (GESL) has announced a significant investment in its wholly-owned subsidiary, Ganesha Ecopet Pvt. Ltd. The company has invested Rs. 100 crore into Ganesha Ecopet by subscribing to 10 crore equity shares, each with a face value of Rs. 10, on a rights basis. This
Yarn manufacturer Sanathan Textiles has filed preliminary papers with capital markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the IPO is a combination of a fresh issue of equity shares aggregating up to Rs 500 crore and an Offer For Sale […]
In a recent board meeting held on November 24, 2023, Ganesha Ecosphere Ltd deliberated on the future prospects of its rPET chips project. The board acknowledged the potential need for further capacity addition based on engagements with customers. Subsequently, the board approved the following proposals, pending regulatory approvals and shareholder consent: Preferential