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Refex Industries Allots Convertible Debentures to Boost Wind Power Subsidiary

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Refex Industries Allots Convertible Debentures to Boost Wind Power Subsidiary

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Refex Industries Limited ( (IN:REFEX) ) has issued an update.

Refex Industries Limited has announced the allotment of 4,30,00,000 optionally convertible debentures (OCDs) in its subsidiary, Venwind Refex Power Limited, to meet the subsidiary’s funding requirements. This strategic move, valued at ₹43 crore, reinforces Refex Industries’ commitment to expanding its footprint in the wind power sector, with no immediate change in shareholding structure.

More about Refex Industries Limited

Refex Industries Limited operates in the power and energy industry, focusing on wind power and related sector activities through its subsidiary, Venwind Refex Power Limited.

Average Trading Volume: 46,416

Technical Sentiment Signal: Buy

Current Market Cap: 47.24B INR

For an in-depth examination of REFEX stock, go to TipRanks’ Overview page.

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