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REC zooms on getting shareholders nod to raise borrowing limit to Rs 4.5 lakh crore

28 Sep 2020 Evaluate

REC is currently trading at Rs. 102.10, up by 3.05 points or 3.08% from its previous closing of Rs. 99.05 on the BSE.

The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 102.80 and Rs. 99.45 respectively. So far 101532 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.25 on 07-Feb-2020 and a 52 week low of Rs. 79.00 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 107.85 and Rs. 95.05 respectively. The current market cap of the company is Rs. 20114.54 crore.

The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 39.07% and 8.30% respectively.

REC’s shareholders have approved a proposal to raise the overall borrowing limit to Rs 4.5 lakh crore from the existing Rs 3.5 lakh crore. The company's 51st annual general meeting (AGM) held on September 25.

Shareholders also approved a special resolution for raising funds through a private placement of unsecured/ secured non-convertible bonds /debentures of up to Rs 85,000 crore in one or more tranches. The said limit of Rs 85,000 crore shall be within the overall revised borrowing limit being proposed for approval by the shareholders at the AGM.

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

REC Share Price

359.35 -0.35 (-0.10%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 461.00
REC 359.35
Indian Railway Fin. 106.05
NHIT 160.00
Satin Creditcare 212.55
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