Acquisitions30 March 2026 at 03:51 pm
Refex Industries Ltd Acquires Additional 4.11% Stake in Subsidiary Venwind Refex Power Ltd
AI Summary
Refex Industries Ltd has acquired an additional 4.11% stake in its subsidiary, Venwind Refex Power Ltd (VRPL), pursuant to the conversion of Class B Optional Convertible Debentures (OCDs) into equity shares. The conversion has increased Refex Industries Ltd's shareholding in VRPL from 73.28% to 77.39%. The transaction, valued at ₹43,00,00,000, is aimed at strengthening VRPL's capital structure and supporting its future growth and operational expansion.
Key Highlights
- Refex Industries Ltd has increased its stake in Venwind Refex Power Ltd by 4.11%
- The acquisition is valued at ₹43,00,00,000
- The conversion of OCDs into equity shares has increased Refex Industries Ltd's shareholding in VRPL from 73.28% to 77.39%
- The transaction is aimed at strengthening VRPL's capital structure and supporting its future growth and operational expansion
- VRPL is engaged in the business of Power & Energy Industry, focusing on wind power and allied sector activities
REFEXIndustrial Gases
Refex Industries LimitedPrice Impact