PFC board okays purchase of government's stake in REC
The government is expected to garner around Rs 15,000 crore from this sale process.
Dec 21, 2018, 11:44 AM IST
REC plans to garner Rs 700 cr via tax-free bonds
State-owned Rural Electrification Corp (REC) plans to raise up to Rs 700 crore through issue of tax-free bonds this fiscal to meet various funding needs.
Oct 18, 2015, 18:59 PM IST
Cabinet clears 5% disinvestment in NTPC, 10% in Indian Oil
The Union Cabinet on Wednesday approved 5 percent disinvestment in NTPC and 10 percent in Indian Oil Corporation to achieve the current fiscal's disinvestment target of Rs 41,000 crore.
May 13, 2015, 11:19 AM IST
REC incorporates 3 transmission SPVs as subsidiaries
"REC Transmission Projects, an arm of REC has incorporated three project specific Special Purpose Vehicles (SPVs) as its subsidiaries," REC said in a filing to the BSE.
Apr 21, 2015, 15:56 PM IST
REC shares end 2% higher after govt share sale
Shares of Rural Electrification Corporation (REC) Thursday ended nearly two percent higher, a day after the company received an overwhelming response to its share sale by the government.
Apr 09, 2015, 17:56 PM IST
REC shares up over 3% as stake sale over subscribed 5 times
Shares of Rural Electrification Corporation rose by over 3 percent Wednesday as the government's sale of 5 percent stake in the state-run firm got subscribed over five times.
Apr 08, 2015, 18:58 PM IST
REC share sale subscribed over 5 times, govt gets Rs 1,550 cr
The stake sale in Rural Electrification Corpn (REC) is the first in the government's disinvestment pipeline for the current fiscal.
Apr 08, 2015, 17:17 PM IST
Govt kicks off FY16 divestment; REC share sale gets fully subscribed
The government is looking to raise Rs 1,550 crore from sale of 4.93 crore shares in Rural Electrification Corp (REC) through a one-day OFS route at a floor price of Rs 315 apiece.
Apr 08, 2015, 11:16 AM IST
Govt kicks off FY16 divestment with REC stake sale, floor price at Rs 315 per share
The floor price of Rs 315 a share is at a discount of 2.07 percent over the closing price of Rs 321.65 a share.
Apr 08, 2015, 09:01 AM IST
REC stake sale on Wednesday; govt to get about Rs 1,600 cr
"The offer shall take place during trading hours on a separate window of the stock exchanges and shall commence on April 8," REC said in a filing to the BSE.
Apr 06, 2015, 19:24 PM IST
CCI orders probe against REC for anti-competitive ways
The Competition Commission has ordered a probe against state-owned REC for allegedly indulging in unfair business practices with respect to financing of rural electrification schemes.
Jan 19, 2015, 17:56 PM IST
