Refex board resolves to issue up to Rs. 2 billion in convertibles

By Devika Patel

Knoxville, Tenn., Dec. 17 - Refex Refrigerants Ltd. informed the Bombay Stock Exchange that its board of directors has resolved to issue up to Rs. 2 billion in convertible bonds at a meeting on Dec. 13.

The board first approved the plans at a meeting on Nov. 9.

Based in Chennai, India, Refex Refrigerants refills non ozone-depleting refrigerant gases, known as hydro fluorocarbons, which are used in air conditioners, refrigerators and refrigerating equipment.

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