Refex Renewables touches the roof on acquiring 100% stake in Refex Green Energy
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Refex Renewables & Infrastructure is currently trading at its upper limit of Rs. 838.80, up by 16.40 points or 1.99% from its previous closing of Rs. 822.40 on the BSE.
The scrip opened at Rs. 838.80 and has touched a high and low of Rs. 838.80 and Rs. 838.80 respectively. So far 3836 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 838.80 on 26-Sep-2024 and a 52 week low of Rs. 355.00 on 21-Nov-2023.
Last one week high and low of the scrip stood at Rs. 838.80 and Rs. 775.00 respectively. The current market cap of the company is Rs. 376.61 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 acquired 100% equity stake in a step-down wholly-owned subsidiary - Refex Green Energy (RGEL). The company has acquired RGEL from Refex Green Power, which is a wholly-owned subsidiary of the company. Accordingly, RGEL has become a direct wholly-owned subsidiary of the company and a related party.
In line with internal restructuring, and grouping of similar business verticals under respective holding entity level, the Board of Directors of the company, at its meeting held on September 26, 2024, has approved to acquire the entire 100% equity stake of RGEL from RGPL.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
