Refex Industries Limited to invest Rs. 7.4 crores in Refex Green Mobility Ltd

The Banking & Authorization Committee of Refex Industries Limited at its meeting held on Friday, September 1, 2023, has considered and approved to further invest to the extent of ₹ 7.4 Crores in Refex Green Mobility Limited, a Wholly Owned Subsidiary (WOS) of Refex Industries Limited, by way of subscription to 74,00,000 (Seventy Four Lakhs only) fully paid up equity shares of face value ₹ 10/- each by way of infusion of fresh capital.

Refex Green Mobility Limited is incorporated to provide 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.

Shares of Refex Industries Limited was last trading in BSE at Rs. 673.85 as compared to the previous close of Rs. 685.05. The total number of shares traded during the day was 16689 in over 1203 trades.

The stock hit an intraday high of Rs. 697.30 and intraday low of 672.00. The net turnover during the day was Rs. 11333031.00.

Source : Equity Bulls

Keywords

RefexIndustries INE056I01017 Investment RefexGreenMobility