REC follow-on offers (FPO) : Files DRHP with SEBI

by khalid on 01/02/2010 · 0 comments


Estate owned Rural Electrification Corporation (REC) has informed the media that the Red Herring Prospectus in respect of Proposed Follow-on Public Offer (FPO) of the Company of 171.732 million equity shares of Rs 10 each has been filed with the market regulaor SEBI. This is 20% of existing paid up capital.

Further the Company has informed that FPO of the Company will open on 19th Feb 2010 and will close on 23rd Feb 2010.

REC is engaged in the business of financing and promotion of transmission, distribution and generation projects throughout India.

Share’s Data :
BSE Code : 532955
Mkt. Cap: Rs 20621 Crores
P/E: 16.21
EPS: 14.81
Face Value : Rs 10
Last Dividend : 30% On Dec 2009
52 Week H/L : Rs 274.50 / 76.00
Rural Electrification Corporation Ltd. share’s CMP is Rs 240.15 on 1st Feb 2010.

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