23 Sep 2025 | 5 Mins Read
Refex Industries shares rise 17% on demerger plan approval
Flipitmoney
Refex Industries shares surged 17.3% after its Board approved a composite scheme of amalgamation and arrangement to unlock Green Mobility business potential. The proposed scheme involves demerging Refex Green Mobility into Refex Mobility Limited, listing it on BSE and NSE, creating two focused business platforms. Shareholders will receive RML shares in a 1:1 ratio.