25647 Investors following Rural Elect Corp. Share this News with them.
0
Like this story, share it with millions of investors on M3
Rural Electrification Corp to divest 20% via FPO
P Uma Shankar, CMD of REC (Rural Electrification Corporation) said the company would be filing DRHP (draft red herring prospectus) with SEBI by mid-December 2009.
P Uma Shankar, CMD of REC ( Rural Electrification Corporation ) said the company would be filing a draft red herring prospectus (DRHP) with SEBI by mid-December 2009, reports CNBC-TV18's Mehak Kasbekar.
FPO (follow-on-public offering) would hit market by February 2010 and FPO would have 17.17 crore shares, he added.
He also said employees could avail stock up to Rs 1 lakh per FPO, and the company would reserve 50% for QIBs (qualified institutional buyers), 15% for HNI (high networth individual) and 35% for retail investors in FPO.
REC will divest 20% via FPO including 15% fresh equity and 5% government stake dilution.
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| Uninor | Tata Steel | BSE Sensex | Commodities | Aurobindo Pharma | Namma Metro | Mahindra Satyam | Iran | Reliance Industries | Vodafone Essar 
