Govt 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 IST
Govt 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 IST