Corporate News     10-Mar-21
Board of REC approves launch of capital gains tax exemption bonds aggregating Rs 1500 cr
At meeting held on 10 March 2021
The Board of REC at its meeting held on 10 March 2021 has approved the launch of Capital Gains Tax Exemption Bonds (Series XV) under Section 54EC of the Income Tax Act, 1961 on private placement basis for an amount of Rs 1,500 crore with green shoe option to retain over-subscription. The said Bonds are in the nature of secured debentures of face value Rs 10,000 each.

The said issue will open on 1 April 2021 and close on 31 March 2022. However, the Company would have a right to pre-close the issue or extend the same at any time.

Previous News
  REC consolidated net profit rises 33.20% in the March 2023 quarter
 ( Results - Announcements 18-May-23   07:36 )
  REC Ltd soars 1.47%
 ( Hot Pursuit - 21-Sep-23   13:05 )
  REC arm to sell its stake in SPV to Sterlite Grid 27
 ( Hot Pursuit - 29-Aug-23   15:50 )
  Board of REC to consider proposal for bonus issue
 ( Corporate News - 17-Jun-22   15:44 )
  REC to hold board meeting
 ( Corporate News - 17-Jun-22   18:50 )
  REC gains after board OK selling MP power transmission package-I
 ( Hot Pursuit - 07-Dec-22   10:47 )
  Rural Electrification Corporation
 ( Results - Analysis 13-Nov-20   21:05 )
  REC Ltd drops for fifth straight session
 ( Hot Pursuit - 28-Mar-23   13:36 )
  REC to conduct board meeting
 ( Corporate News - 23-Oct-21   13:57 )
  REC announces appointment of director
 ( Corporate News - 29-Dec-21   10:05 )
  REC Ltd spurts 1.73%
 ( Hot Pursuit - 15-May-23   13:05 )
Other Stories
  Gujarat Toolroom to conduct EGM
  08-Jul-24   19:53
  Macro Intl. to conduct AGM
  08-Jul-24   19:52
  Ecoboard Industries schedules AGM
  08-Jul-24   19:52
  Eraaya Lifespaces schedules EGM
  08-Jul-24   19:52
  Binny to convene EGM
  08-Jul-24   19:52
  ICRA upgrades long term rating on bank facilities of Keystone Realtors
  08-Jul-24   19:17
  Sadbhav Engineering schedules EGM
  08-Jul-24   19:08
  Board of Va Tech Wabag approves divestment of Wabag Romania
  08-Jul-24   19:08
  Global Capital Markets to announce Quarterly Result
  08-Jul-24   19:07
  Motherson Sumi Wiring India schedules board meeting
  08-Jul-24   19:07
Back Top