PFC board okays purchase of government's stake in REC
The government is expected to garner around Rs 15,000 crore from this sale process.
Dec 21, 2018, 11:44 AM ISTREC shares end 2% higher after govt share sale
Shares of Rural Electrification Corporation (REC) Thursday ended nearly two percent higher, a day after the company received an overwhelming response to its share sale by the government.
Apr 09, 2015, 17:56 PM ISTGovt kicks off FY16 divestment; REC share sale gets fully subscribed
The government is looking to raise Rs 1,550 crore from sale of 4.93 crore shares in Rural Electrification Corp (REC) through a one-day OFS route at a floor price of Rs 315 apiece.
Apr 08, 2015, 11:16 AM ISTGovt kicks off FY16 divestment with REC stake sale, floor price at Rs 315 per share
The floor price of Rs 315 a share is at a discount of 2.07 percent over the closing price of Rs 321.65 a share.
Apr 08, 2015, 09:01 AM ISTREC stake sale Wednesday; govt sets floor price at Rs 315/share
Government will sell 5 percent stake in Rural Electrification Corporation Wednesday at Rs 315 a share to mop up over Rs 1,550 crore, marking the first disinvestment of the current fiscal.
Apr 07, 2015, 18:42 PM ISTREC floor price set at Rs 315 a share, stake sale Wednesday
The government plans to sell 5 percent of its stake in the company tomorrow to mop up close to Rs 1,600 crore.
Apr 07, 2015, 17:30 PM ISTREC stake sale on Wednesday; govt to get about Rs 1,600 cr
"The offer shall take place during trading hours on a separate window of the stock exchanges and shall commence on April 8," REC said in a filing to the BSE.
Apr 06, 2015, 19:24 PM ISTHSBC, StanChart, Edelweiss vie for managing PFC,REC stake sale
As many as 12 merchant bankers have bid for managing the stake sale of REC.
Sep 24, 2014, 15:07 PM IST