Ganesha Ecoverse has entered into a Share Subscription Agreement with GESL Spinners (GSPL) to acquire 2,73,50,000 Equity Shares of GSPL. With this investment, Company’s shareholding in GSPL would be around 45%. The funds that will be invested by the Company in GSPL would be utilized for repayment of its debts and/ or purchase of plant and machinery and for other general corporate purposes.
Ganesha Ecoverse is the largest PET recycler in India. It is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), dyed texturised yarn and spun yarn with its advanced manufacturing facilities.
