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Race Eco Chain Ltd. Announces Strategic Restructuring and Board Changes

Story Highlights
  • Race Eco Chain Ltd. approved a scheme of arrangement with GeoEco Green Energy Ltd. and Race Gateway Ltd.
  • The company reconstituted its Audit Committee and relocated its corporate office to Noida.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Race Eco Chain Ltd. Announces Strategic Restructuring and Board Changes

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Race Eco Chain Ltd. ( (IN:RACE) ) has issued an update.

Race Eco Chain Ltd. announced the approval of a scheme of arrangement involving itself, GeoEco Green Energy Ltd., and Race Gateway Ltd., which will affect shareholders and creditors. Additionally, the company underwent several board changes, including the resignation of Mr. Anil Kumar Behl as an Independent Director and his re-designation as a Non-Executive Non-Independent Director. The Audit Committee was reconstituted with Mr. Sanjay Kukreja as the new Chairperson. Furthermore, the company’s corporate office will be relocated to Noida, Uttar Pradesh.

More about Race Eco Chain Ltd.

Average Trading Volume: 655

Technical Sentiment Signal: Sell

Current Market Cap: 2.49B INR

For an in-depth examination of RACE stock, go to TipRanks’ Overview page.

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