Acquisitions8 April 2026 at 02:41 pm
Refex Industries Ltd Acquires Additional 0.38% Stake in Subsidiary Venwind Refex Power Ltd
AI Summary
Refex Industries Ltd has announced that its subsidiary, Venwind Refex Power Limited (VRPL), has redeemed optional convertible debentures (OCDs) worth ₹3,00,00,000 and converted an outstanding loan amount of ₹4,85,03,664 into equity shares. This conversion has resulted in Refex Industries Ltd acquiring an additional 0.38% stake in VRPL, increasing its shareholding from 77.39% to 77.77%.
Key Highlights
- Refex Industries Ltd's subsidiary, Venwind Refex Power Limited (VRPL), has redeemed OCDs worth ₹3,00,00,000
- VRPL has converted an outstanding loan amount of ₹4,85,03,664 into equity shares
- Refex Industries Ltd has acquired an additional 0.38% stake in VRPL, increasing its shareholding to 77.77%
- This conversion is expected to optimize the debt-equity ratio of VRPL and enhance its overall financial sustainability
- VRPL is engaged in the business of Power & Energy Industry, focusing on wind power and allied sector activities
REFEXIndustrial Gases
Refex Industries LimitedPrice Impact