Rural Electrification Corporation Ltd IPO

[Admin]

Rural Electrification Corporation Ltd
Registered Office: Core-4 SCOPE Complex 7 Lodi Road, New Delhi, New Delhi-110003.
Phone: 91-11-24365161 Fax: 91-11-24360644
Email: reccorp@recl.nic.in Website: www.recindia.nic.in

Issue Opens: 19 Feb 2010

Issue Closes : 23 Feb 2010

Price : NA

Listed @ BSE NSE

Registrar
Karvy Computershare Pvt Ltd


Lead Manager
Kotak Mahindra Capital Company Ltd
DSP Merrill Lynch Ltd
ICICI Securities Ltd
JM Financial Consultants Pvt Ltd
RBS Equities India Ltd


Public issue of 171,732,000 equity shares of face value of Rs. 10 each (equity shares) of Rural Electrification Corporation Limited (the Company or the Issuer) for cash at a price of Rs. [�] per equity share (including a share premium of Rs. [�] per equity share) aggregating up to Rs. [�] crores (the Issue) consisting of a fresh issue of 128,799,000 equity shares by the company (Fresh Issue) and an offer for sale of 42,933,000 equity shares (Offer for Sale) by the President of India, acting through the ministry of power, Government of India (the Selling Shareholder). The Issue comprises a net issue of 171,382,000 equity shares to the public (net issue) and a reservation of 350,000 equity shares for subscription by eligible employees (the employee reservation portion), at the issue price. The issue shall constitute 17.39% of the fully diluted post-issue capital of the company and the net issue shall constitute 17.36% of the fully diluted post-issue capital of the company.



Objectives of the Issue
Augment capital base to meet future Capital requi.


Promoted By
President of India