Strota/ Newsroom/ 2026-06-25

REFEX (REFEX): Acquisition / M&A

Strota Newsroom · session of 2026-06-25 · 24 Jun 19:36 · REFEX stock page →

Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Require… Historically, acquisition / m&a events have moved REFEX-type stocks in the bullish direction 48.9% of the next sessions (n=141).

REFEX informed exchanges that the National Company Law Tribunal (NCLT) has passed an order regarding the Composite Scheme of Amalgamation and Arrangement, scheduling meetings for the proposed merger, according to an NSE filing dated 24 June. The disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements marks a procedural step in the company's ongoing M&A process.

Events like this—acquisition or amalgamation announcements—have historically shown a 48.9% win rate across 141 comparable past instances on Strota's database, with a net edge of 0.213 percentage points. This base rate reflects how similar corporate actions have performed on average, not a forecast for REFEX specifically.

The stock currently trades at a price-to-earnings ratio of 18.83 and a price-to-book ratio of 3.08, with a market capitalisation of ₹4,916 crore. Return on equity stands at 17.8%, while the dividend yield is 0.15%. The Nifty declined 1.16% on the session.

The filing confirms regulatory progress on the amalgamation scheme but does not establish completion timelines, shareholder approval probabilities, or valuation impact. The historical base rate provides context for how markets have processed comparable events, not guidance on this transaction's outcome.

The catalyst

Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) regarding the order passed by Hon'ble NCLT in connection with the Composite Scheme of Amalgamation and Arrangement for convening of meeting (filing · NSE)

What the data shows after this event

Across Strota's backtest of past filings, Acquisition / M&A shows no reliable next-session edge — the move went bullish in about 48.9% of next sessions (net 0.213% after drift and cost, n=141). A base rate, not a forecast for this stock.

REFEX right now

P/E 18.83. Full REFEX analysis →

Sources

Keep digging

How this article was made: Strota assembled the exchange data above (prices, F&O open interest, bulk/block deals, SEBI PIT filings, indicator readings and public headlines) and an AI model wrote the narrative strictly from that evidence — it is not permitted to add outside facts or numbers. Every figure comes from the underlying exchange/public data.