Refex Industries Limited board to finalize rights issue terms

A meeting of the Board of Directors of Refex Industries Limited is scheduled on 10/06/2020, to consider, approve and fix the record date for the rights issue and fix the ratio and the price for the equity shares of the Rights Issue.

The board will specify the ISIN for Rights Entitlements.

The board will also consider proposal t re-appoint of Sri. T. Anil Jain, as Managing Director of the Company for a further period of three years commencing from 01.07.2020 to 30.06.2023 subject to the approval of the Shareholders at the upcoming Annual General Meeting.

Shares of Refex Industries Limited was last trading in BSE at Rs.54.8 as compared to the previous close of Rs. 53.25. The total number of shares traded during the day was 22458 in over 253 trades.

The stock hit an intraday high of Rs. 55.75 and intraday low of 53.6. The net turnover during the day was Rs. 1226097.

Source : Equity Bulls

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