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Refex Industries is currently trading at Rs. 551.00, up by 11.75 points or 2.18% from its previous closing of Rs. 539.25 on the BSE.

The scrip opened at Rs. 551.95 and has touched a high and low of Rs. 564.00 and Rs. 537.80 respectively. So far 31661 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 600.00 on 30-Sep-2024 and a 52 week low of Rs. 103.36 on 02-Nov-2023.

Last one week high and low of the scrip stood at Rs. 600.00 and Rs. 516.30 respectively. The current market cap of the company is Rs. 6509.32 crore.

The promoters holding in the company stood at 55.28%, while Institutions and Non-Institutions held 0.20% and 44.52% respectively.

Refex Industries (RIL) has proposed to raise funds to the tune of Rs 927.81 crore, by way of preferential issue of equity and convertible warrants, to certain investors, under ‘promoter’ and ‘non-promoter’ category. This significant fund-raising initiative underscores the company’s commitment to sustainability & innovation across its business verticals.

The funds raised will be strategically utilized for investments in subsidiary companies, capital expenditures, working capital needs, repayment of existing loans, and general corporate purposes. This funding is proposed at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations. Refex has also made significant strides in the passenger mobility sector through its subsidiary, engaged in electric vehicle services. 

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).