Eco Recycling Ltd
CORPORATE BCCL Increases its stake to 8% in Eco Recycling Ltd Bennett Coleman & Company Limited (BCCL) increased its stake to 7.98% in Eco Recycling Ltd (Ecoreco) by acquiring 800,000 Equity Shares @ Rs. 43 per share. This is the second round of equity acquisition by BCCL in Eco Recycling Ltd. Eco Recycling Ltd, the renowned e-waste and the first company registered by the Central Pollution Control Board (CPCB) to undertake e-waste recycling business in India. Ecoreco is also the first company authorised by the Maharshtra Pollution Control Board (MPCB) in this segment in India. It may not be out of place to mention that very recently a Japanese metal recycling company M/s Nippon Magnetic Dressing Co. Ltd has acquired 800,000 Equity Shares @ Rs. 40 per share in the company. This was the first strategic investment in any e-waste recycling company in India. Eco Recycling Ltd is serving to almost 400 entities nationwide, expecting a tremendous growth in the organised r...