Refex Refrigerants to convert promoters loans into equity

Refex Refrigerants Ltd has now announced with reference to the Board Meeting held on December 04, 2010, that subject to the issue price of the share will be at Rs. 200/- per share which includes a premium of Rs. 190/- per share. Through this issue the unsecured loans given by the promoter group to the Company would be converted into equity.

The stock closed the day at Rs.34.85, down by Rs.1.80 or 4.91%. The stock hit an intraday high of Rs.34.85 and low of Rs.34.85.

The total traded quantity was 410 compared to 2 week average of 28415.

Source : Equity Bulls

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