Refex Industries gains on getting nod to further invest in Refex Green Mobility
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Refex Industries is currently trading at Rs. 686.10, up by 11.90 points or 1.77% from its previous closing of Rs. 674.20 on the BSE.
The scrip opened at Rs. 675.70 and has touched a high and low of Rs. 692.25 and Rs. 675.70 respectively. So far 5762 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 923.95 on 02-Aug-2023 and a 52 week low of Rs. 136.75 on 02-Sep-2022.
Last one week high and low of the scrip stood at Rs. 719.00 and Rs. 670.05 respectively. The current market cap of the company is Rs. 1517.65 crore.
The promoters holding in the company stood at 52.70%, while Institutions and Non-Institutions held 0.83% and 46.46% respectively.
Refex Industries received approval for further investment to the extent of Rs 7.4 crore in Refex Green Mobility, a Wholly Owned Subsidiary (WOS) of the company, by way of subscription to 74 lakh fully paid up equity shares of face value Rs 10 each by way of infusion of fresh capital. The objective of the investment is to meet the future fund requirement for business operations of Refex Green Mobility. The Banking & Authorization Committee at its meeting held on September 1, 2023, has approved the same.
Refex Industries (RIL) is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFC’s).
