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REC stake sale News

21 Dec 2018

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.

Rural Electrification Corporation

09 Apr 2015

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.

08 Apr 2015

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.

08 Apr 2015

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.

Rural Electrification Corporation Ltd

07 Apr 2015

REC stake sale Wednesday; govt sets floor price at Rs 315/share

Government will sell 5 percent stake in Rural Electrification Corporation Wednesday at Rs 315 a share to mop up over Rs 1,550 crore, marking the first disinvestment of the current fiscal.

Rural Electrification Corporation Ltd

07 Apr 2015

REC floor price set at Rs 315 a share, stake sale Wednesday

The government plans to sell 5 percent of its stake in the company tomorrow to mop up close to Rs 1,600 crore.

06 Apr 2015

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.

24 Sep 2014

HSBC, StanChart, Edelweiss vie for managing PFC,REC stake sale

As many as 12 merchant bankers have bid for managing the stake sale of REC.

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