Refex Industries Merger & Restructuring Worth ₹7.85 Cr
Refex Industries Limited increased its stake in subsidiary Venwind Refex Power Limited to 77.77% by converting a ₹4.85 Crore loan into equity shares. Additionally, the subsidiary redeemed OCDs worth ₹3 Crore held by the company. The transaction aims to optimize the subsidiary's debt-equity ratio and strengthen its capital structure.
- Value
- ₹7.85 Cr