BCCL to buy 3.5% in Refex Refrigerants

The Economic Times reports that Bennett, Coleman & Company Limited (BCCL) will pick up a stake of around 3.5% in Chennai-based Refex Refrigerants, for an undisclosed sum. Refex is engaged in refilling-ozone friendly refrigerants and marketing refrigerant products in India. Refex is the only player in the country which has the distinction of refilling and marketing hydro-fluoro-carbons, which is a non-ozone depleting, environmentally safe refrigerant developed to replace chlorofluorocarbons in several air conditioning and refrigeration applications.