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REC stake sale

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 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

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 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.

Apr 07, 2015, 18:42 PM IST

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.

Apr 07, 2015, 17:30 PM 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

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.

Sep 24, 2014, 15:07 PM IST