Refex Renewables & Infrastructure’s wholly-owned subsidiary -- Refex Green Power has incorporated two new companies as Special Purpose Vehicles (SPVs), namely, Refex CBG SPV (Coimbatore) and Refex CBG SPV (Salem), as its subsidiaries with 74% equity stake in each, while remaining 26% equity stake held by consortium partner, namely, Spectrum Renewable Energy (which itself is under acquisition as a step-down wholly-owned subsidiary). Consequently, both these new... |