Refex Industries received approval for further investment to the extent of Rs 7.4 crore in Refex Green Mobility, a Wholly Owned Subsidiary (WOS) of the company, by way of subscription to 74 lakh fully paid up equity shares of face value Rs 10 each by way of infusion of fresh capital. The objective of the investment is to meet the future fund requirement for business operations of Refex Green Mobility. The Banking & Authorization Committee at its meeting held on September 1, 2023, has approved the same.
Refex Industries (RIL) is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFC’s).
