Refex Renewables & Infrastructure has acquired 100% equity stake in a step-down wholly-owned subsidiary - Refex Green Energy (RGEL). The company has acquired RGEL from Refex Green Power, which is a wholly-owned subsidiary of the company. Accordingly, RGEL has become a direct wholly-owned subsidiary of the company and a related party.
In line with internal restructuring, and grouping of similar business verticals under respective holding entity level, the Board of Directors of the company, at its meeting held on September 26, 2024, has approved to acquire the entire 100% equity stake of RGEL from RGPL.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
