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REC informs about PIB release

12 Dec 2018 Evaluate

In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, REC has informed that Department of Investment & Public Asset Management, Ministry of Finance, Government of India vide its letter dated December 11, 2018 has forwarded a copy of PIB Release regarding the Cabinet decision on the in principle approval for strategic sale of the Government of India’s existing holding in the company to Power Finance Corporation. A copy of the aforesaid letter along with PIB Release is enclosed herewith for ready reference.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Power Finance Corpn. 314.00
REC 285.00
NHIT 168.00
Satin Creditcare Net 238.80
IFCI 54.65
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