Refex Refrigerants approves issuing up to Rs. 2 billion in convertibles

By Devika Patel

Knoxville, Tenn., Jan. 14 - Refex Refrigerants Ltd. informed the Bombay Stock Exchange that it approved an issue of up to Rs. 2 billion in convertible bonds at an extraordinary general meeting on Jan. 9.

The company's board of directors approved the bonds at a meeting on Dec. 13.

Other securities being considered include depositary receipts and convertible securities linked to equity shares.

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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