Rural Electrification Corporation (REC) would be the next public sector company on the block in the government’s disinvestment programme.
The Cabinet Committee on Economic Affaris (CCEA) on Thursday approved the proposal of for a 5% divestment of Government equity in REC, and another 15% issue of fresh equity through a follow on Public offer.
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At the Current Price of Rs. 197.30 per share the follow on offer is likely to be inthe size of Rs.3400 Crore.
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