Refex Industries shares jumped more than 2% after the company announced plans to raise Rs 927.81 crore through a preferential issue of equity and warrants.
As per the company, the funds will be used for subsidiary investments, capital expenditures, working capital, debt reduction and other corporate reasons.
The promoter group will invest around Rs 372 crore, with the CEO personally contributing Rs 26 crore. This effort demonstrates the company’s dedication to sustainability and innovation in fields like ash handling and electric car mobility.
As of 11:35 am, Refex Industries shares were trading 2.48% higher at Rs 552.90 on the NSE.
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