Refex Industries plans to raise Rs 927.81 crore to boost sustainable growth

Refex Industries recently informed exchanges that the company plans to raise Rs 927.81 crore through a preferential issue of equity and warrants. The funds will be allocated to subsidiary investments, capital expenditures, working capital, debt repayment and general company purposes.

The promoter group will contribute around Rs 372 crore, with the CEO personally investing Rs 26 crore. This initiative shows the company’s commitment to sustainability and innovation in areas such as ash handling and electric vehicle mobility.

Advertisement

Anil Jain, Managing Director of Refex, stated, “Our focus on sustainability drives our efforts in both ash handling logistics and EV mobility. This funding empowers us to build innovative solutions with a strong emphasis on environmental, social, and governance (ESG) principles. The support from our investors and leadership team showcases their confidence in our mission to create a cleaner, greener future.”