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REC gains on planning to raise $400 million through dollar bonds

12 Dec 2017 Evaluate

Rural Electrification Corporation is currently trading at Rs. 151.50, up by 0.15 points or 0.10% from its previous closing of Rs. 151.35 on the BSE.

The scrip opened at Rs. 151.00 and has touched a high and low of Rs. 152.00 and Rs. 151.00 respectively. So far 41334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.80 on 09-May-2017 and a 52 week low of Rs. 114.85 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 154.90 and Rs. 151.00 respectively. The current market cap of the company is Rs. 29959.51 crore.

The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 31.89% and 9.25% respectively.

Rural Electrification Corporation (REC) will raise at least $400 million in three-year dollar money in the international bond markets. The issuer has given an initial price guidance of 175 basis points over the US treasury.

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.

REC Share Price

373.35 9.20 (2.53%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
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