Refex Renewables Promoter Shareholding Increases to 74.86%

Refex Holding Private Limited, a promoter entity, has acquired 13,91,869 equity shares, representing 30.94% of the paid-up capital, of Refex Renewables & Infrastructure Limited. This acquisition was executed through inter-se transfers within the promoter and promoter group. The transaction, priced at ₹142.47 per share, increases Refex Holding's stake from 43.92% to 74.86%. The rationale cited is internal restructuring among promoters. This transaction is exempted from an open offer under SEBI SAST Regulations, specifically Regulation 10(1)(a)(ii), as the acquirer is a promoter and the transfer is among promoter group entities.