REC FPO : Hit Market in Jan-Feb 2010

by khalid on 20/12/2009 · 0 comments

rec

Estate owned Rural Electrification Corporation (REC) has informed the media that they will come out with a follow-on public offer (FPO) in January-February 2010. The size of the FPO will be 171.732 million equity shares of Rs 10 each. This is 20% of existing paid up capital.

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

REC share’s CMP is Rs 230.40 on 18th Dec 09.

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