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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.