17-Oct-2026 10:21:46
REFEX RENEWABLES : PREFERENTIAL ISSUE WORTH RS 16.20 CR
• Board approved preferential issue of up to 4,50,000 equity shares at ₹360/share to North Star Opportunities Fund VCC - Bull Value Incorporated VCC Sub-Fund Mauritius, a Category I FPI • Aggregate issue size up to ₹16.20 Cr; issue price is above the ₹356.04 floor price • Proceeds to be used for partial repayment of existing unsecured loan from promoter and holding company Refex Holding Private Limited within 30 days of PAS-3 filing • Allottee to hold 9.09% post issue; promoter stake to fall to 68.00% from 74.80% • Board also approved transfer of 100% stake in Refex Sustainable Fuel Limited to Refex Green Power Limited for ₹10 L cash, making it a step-down wholly-owned subsidiary • Shareholders to vote on raising borrowing limit to ₹450 Cr from ₹300 Cr and authorized capital to ₹50 Cr from ₹20 Cr
Refex Renewables & Infrastructure Ltd
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