Refex Green Mobility Ltd acquires balance stake in Refex EV Fleet Services Pvt Ltd

Refex Green Mobility Limited ("RGML"), the Wholly-owned Subsidiary Company of Refex Industries Limited ("the Company") has acquired balance 10,000 equity shares constituting 50.01% of the issued and paid-up equity share capital of Refex EV Fleet Services Private Limited ("REVFSPL"), a subsidiary of RGML under Section 2(87)(i) of the Companies Act, 2013 and consequently REVFSPL has become the wholly-owned subsidiary Company of RGML.

Refex EV Fleet Services Private Limited is engaged in the business of providing transport facility for passenger & logistics services and charging infrastructure facilities and other business.

The said acquisition would also streamline the control and management and further ease the decision making of business operations and will expand the scope of business operations in the ev-fleet services and green mobility sector.

Source : Equity Bulls

Keywords

RefexIndustries RefexGreenMobility StakeAcquisition RefexEVFleetServices