Refex Industries rises as its arm acquires 49.99% stake in O3 Mobility
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Refex Industries is currently trading at Rs. 634.05, up by 10.05 points or 1.61% from its previous closing of Rs. 624.00 on the BSE.
The scrip opened at Rs. 636.50 and has touched a high and low of Rs. 645.00 and Rs. 632.50 respectively. So far 1927 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. 141.65 on 31-Oct-2022.
Last one week high and low of the scrip stood at Rs. 648.45 and Rs. 616.00 respectively. The current market cap of the company is Rs. 1408.77 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’ wholly-owned subsidiary -- Refex Green Mobility has made an investment in O3 Mobility by acquiring 49.99% stake in equity shares on October 04, 2023. The objective of acquisition is for Non-material investment in allied areas. The shares were acquired at face value of Rs 10 per Equity Share and the total cost of acquisition is Rs 99,960.
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).
