Refex Renewables shines on getting nod to raise Rs 500 cro
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Refex Renewables & Infrastructure is currently trading at Rs. 441.00, up by 20.00 points or 4.75% from its previous closing of Rs. 421.00 on the BSE.
The scrip opened at Rs. 441.00 and has touched a high and low of Rs. 442.00 and Rs. 425.00 respectively.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 590.90 on 20-Dec-2022 and a 52 week low of Rs. 311.75 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 448.00 and Rs. 409.60 respectively. The current market cap of the company is Rs. 190.82 crore.
The promoters holding in the company stood at 75.00%, while Non-Institutions held 25.00% stake in the company.
Refex Renewables & Infrastructure has received approval to raise Rs 500 crore through the issuance of further securities, in one or more tranches and in form(s), modes and means, by way of private placement or preferential issue or public issue or rights issue or qualified institutional placement or through any other permissible mode and/or combination thereof, including by way of issue of equity shares/ preference shares/ bonds/ debentures/ non-convertible debt instruments/ warrants/ any other securities, subject to approval from the shareholders in the ensuing annual general meeting and sanctions/approvals from the other regulatory/ governmental authorities, as may be required. The Board of Directors of the Company, at its meeting held on August 11, 2023, inter-alia, has considered and approved the same.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
