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Sunday, August 14, 2016

Rural Electrification Corporation (REC) Bonus Issue

Rural Electrification Corporation (REC) Limited has decided to reward its investors with a bonus issue of equity shares to be offered in the ratio of 1:1 which implies that one bonus share would be awarded for every one held in the company

The company would go ex-bonus on Sep 28, 2016 and the record date for the bonus issue is Sep 29, 2016. The shares of REC have been trading in a monthly range of Rs.190.40 to Rs.233.40 and have touched Rs.152.50 (17-2-2016) as 52 week low and Rs.297.25 (5-10-2015) as 52-week high

Rural Electrification Corporation Limited (REC) is a leading public Infrastructure Finance Company in India’s power sector. The company finances and promotes rural electrification projects across India, operating through a network of 13 Project Offices and 5 Zonal Offices, headquartered in New Delhi. The company provides loans to Central/ State Sector Power Utilities, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers
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