SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

REC gains on raising $500 million by issuing unsecured notes

10 Dec 2019 Evaluate

REC is currently trading at Rs. 130.10, up by 0.40 points or 0.31% from its previous closing of Rs. 129.70 on the BSE.

The scrip opened at Rs. 129.70 and has touched a high and low of Rs. 130.95 and Rs. 129.25 respectively. So far 593295 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.55 on 04-Jul-2019 and a 52 week low of Rs. 98.85 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 135.95 and Rs. 127.90 respectively. The current market cap of the company is Rs. 25654.18 crore.

The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 39.36% and 8.00% respectively.

REC has raised $500 million (about Rs 3,550 crore) by issuing unsecured notes, and the proceeds would be used for lending to power sector. The company has issued $500,000,000, 3.50 per cent notes due 2024, on December 05, 2019.

The notes will mature on December 12, 2024 and all principal and interest payments will be made in US Dollars. The settlement date for the notes is expected to be December 12, 2019. The notes represent direct, unconditional and unsecured obligations of the issuer and will rank pari passu among themselves and all other unsecured obligations of the issuer.

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

381.55 -0.65 (-0.17%)
21-Apr-2026 11:29 View Price Chart
Peers
Company Name CMP
Power Finance Corp 470.15
REC 381.55
Indian Railway Fin. 103.80
NHIT 151.00
Satin Creditcare 170.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×