Refex Renewables & Infrastructure has received approval for acquisition of 100% equity stake in Refex Sustainable Solutions (RSSPL) (formerly SIL Mercury Solar) a step-down wholly-owned subsidiary (through Refex Green Power (RGPL), a wholly-owned subsidiary), thereby making it direct wholly-owned subsidiary company. In line with internal restructuring, and grouping of similar business verticals under respective holding entity level and in order to simplify the group structure for better regulatory compliance and business segment reporting, the Board has approved to acquire the entire 100% equity stake of RSSPL from RGPL, thereby, making, RSSPL, a direct wholly-owned subsidiary of the Company and fellow subsidiary of RGPL.
Consequent to this, RGPL shall remain the holding company for Solar business & related SPVs and Refex Sustainable Solutions shall act as the holding company for Compressed Bio-Gas (CBG) business & related SPVs. The Board of Directors of the Company at its meeting held on May 22, 2024 has considered and approved the same.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
