Vinod Srinivasan Paliakkara and Thyagaraju Subramanyam Naidu agreed to acquire 51% stake in Megamic Electronics Pvt Ltd. from Refex Renewables & Infrastructure Limited (BSE:531260) for INR 0.51 million on March 23, 2023. The consideration to be paid in cash. As on March 31, 2022, Megamic Electronics has a Turnover INR 37.4 million and Net worth 1.15 million. Board of Refex Renewables has approved. The transaction is expected to close on March 31, 2023.

Vinod Srinivasan Paliakkara and Thyagaraju Subramanyam Naidu Completed the acquisition of 51% stake in Megamic Electronics Pvt Ltd. from Refex Renewables & Infrastructure Limited (BSE:531260) on March 31, 2023