Refex Industries Ltd to set up Green Mobility subsidiary

The Board of Directors of Refex Industries Ltd in their meeting held today i.e., 02nd March, 2023 approved the proposal to promote and incorporate a subsidiary in the name and style, "Refex Green Mobility Limited". The main object of the proposed Company is to offer environmentally sustainable services in the urban transportation and energy sectors and to enter in the business of using the ever-evolving innovations in technology landscape in order to offer environmentally sustainable services in the urban transportation and energy sectors. The offerings will include but not be limited to providing transportation services through electric vehicles, or through any other mode, to, among others and to also provide logistic services by way of using electric vehicles or through any other mode, etc. The Company, intends to begin with an investment in the proposed Company, Refex Green Mobility Limited, to the extent of 99.99% of the Capital (i.e. 99,994 Equity Shares of Rs. 10/- each)

Shares of Refex Industries Limited was last trading in BSE at Rs. 254.75 as compared to the previous close of Rs. 259.60. The total number of shares traded during the day was 14103 in over 937 trades.

The stock hit an intraday high of Rs. 262.00 and intraday low of 252.45. The net turnover during the day was Rs. 3607254.00.

Source : Equity Bulls

Keywords

RefexIndustries INE056I01017 NewBusinessForay RefexGreenMobility