Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Intimation of acquisition of Refex Engineering Products Private Limited by Venwind Refex Power Limited, as a step-down subsidiary of Refex Industries Limited.
REFEX · price
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Refex Industries Limited has informed the stock exchanges that its step-down subsidiary, Venwind Refex Power Limited, is acquiring Refex Engineering Products Private Limited. Once the acquisition is completed, Refex Engineering Products will also become a step-down subsidiary of Refex Industries. The filing is being made under SEBI's Regulation 30 disclosure requirements. No financial details, deal value, or timeline for completion have been disclosed in this announcement.
This is a group-level restructuring where the listed company's indirect subsidiary is expanding its business portfolio. Shareholders should watch for further updates on deal valuation, the strategic rationale, and how this acquisition fits into Refex Industries' broader growth plans, as the immediate financial impact is not yet clear.