REC or Rural Electrification Corporation Limited has done it. The issue was not only subscribed but this time around it appears that the two big players LIC and SBI have not helped or are not responsible in subscribing the issue. The situation is that they are unlikely to get any shares in this issue. This […]

REC Limited opened for subscription today and received a decent response on the first day. 29% of the issue was subscribed on day one. The QIB portion is half subscribed with subscriptions coming between Rs 204 to Rs 210. The response is for 4.44 cr shares. The non-institutional portion has received subscription of 0.49 cr […]

REC Limited is tapping the capital markets with a follow on public offer for 17.17 cr shares which includes an offer for sale by the principal shareholder, the government of India of 4.29 cr shares. In short the issue would raise 75% for the company and 25% for the government of India. The issue has […]