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Refex Holding’s acquisition of 30.94% stake in Refex Renewables triggers SEBI exemption
10-Aug-2026, 12:33
Refex Renewables & Infrastructure Limited disclosed that Refex Holding Private Limited, formerly Sherisha Technologies Private Limited, acquired 13,91,869 equity shares, representing 30.94% of the company's paid-up equity share capital, through inter-se transfers from the promoter and promoter group. The acquisition, priced at Rs 142.47 per share, is part of an internal restructuring among promoters and triggers an exemption from making an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; Refex Holding Private Limited was previously holding 43.92% of the shares.
Refex Renewables & Infrastructure Limited disclosed that Refex Holding Private Limited, formerly Sherisha Technologies Private Limited, acquired 13,91,869 equity shares, representing 30.94% of the company's paid-up equity share capital, through inter-se transfers from the promoter and promoter group. The acquisition, priced at Rs 142.47 per share, is part of an internal restructuring among promoters and triggers an exemption from making an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; Refex Holding Private Limited was previously holding 43.92% of the shares.