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Race Eco Chain Limited sold a stake in Prime Industries for Rs 88,53,600, ending its associate status
12-Aug-2026, 02:25
Race Eco Chain Limited informed the Bombay Stock Exchange and National Stock Exchange that it has divested 2,10,000 equity shares, representing approximately 0.99% of the share capital of Prime Industries Limited, an associate company, completing a sale transaction entered into on June 30, 2026, with delivery and settlement occurring on July 1, 2026. Consequently, Race Eco Chain Limited ceased to have significant influence over Prime Industries and Prime Industries ceased to be an associate company of Race Eco Chain Limited with effect from July 1, 2026, and received Rs 88,53,600 for the sale.
Race Eco Chain Limited informed the Bombay Stock Exchange and National Stock Exchange that it has divested 2,10,000 equity shares, representing approximately 0.99% of the share capital of Prime Industries Limited, an associate company, completing a sale transaction entered into on June 30, 2026, with delivery and settlement occurring on July 1, 2026. Consequently, Race Eco Chain Limited ceased to have significant influence over Prime Industries and Prime Industries ceased to be an associate company of Race Eco Chain Limited with effect from July 1, 2026, and received Rs 88,53,600 for the sale.