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Saturday, December 5, 2009

Rural Electrification Corporation (REC) files DRHP for FPO

Rural Electrification Corporation (REC) may hit the markets soon with a Follow-on Public Offer (FPO). The Company has filed a Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for Follow-on Public Offer (FPO) of 171,732,000 equity shares of Rs 10 each, constituting 20% of existing paid-up capital, on December 03, 2009

REC had come up with an IPO in February 2008, which was oversubscribed 27.88 times (Click here to View detailed subscription status of REC IPO)

Click here for all posts on REC IPO
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