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REC seeks shareholders' nod to raise up to Rs 42,000 crore

24 Aug 2015 Evaluate

Rural Electrification Corporation (REC) has sought shareholders’ approval to raise Rs 42,000 crore through issuance of bonds or debentures on private placement basis in its annual general meeting to be held on September 16, 2015.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.


Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
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