Refex allots 1.1 million shares to SunEdison for $1.75 million


Refex has allotted 1,105,000 equity shares to SunEdison for INR 130 per equity share.

“The Banking & Authorization Committee of the Board of Directors, in its meeting held today, has allotted 1,105,000 equity shares of face value of INR 10 each, for cash consideration of INR 130 per equity share, including a premium of INR 120 per equity share, aggregating to INR 143,650,000 ($1.75 million) to SunEdison Energy India,” Refex said in a stock exchange filing.

These equity shares shall be subject to the provisions of the Memorandum and Articles of Association of the company.
After allotment of the aforesaid equity shares, the issued, subscribed and paid-up equity share capital of the company stands increased from INR 210,020,240 to INR 221,070,240.

Post preferential issue, SunEdison will hold approxiamtely 47.46% of the total equity capital of the company, as per the regulatory filing.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: