Rural Electrification Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2016, inter alia, had approved the following:<BR><BR>1. Sale & Transfer of 50,000 Equity Shares of Rs. 10 each of North Karanpura Transco Limited, a Wholly Owned subsidiary of RECTPCL (also subsidiary of REC as per the provisions of Section 2(87) of the Companies Act, 2013) to successful Bidder i.e. M/s. Adani Transmission Limited; and<BR><BR>2. Sale & Transfer of 50,000 Equity Shares of Rs. 10 each of Khargone Transmission Limited, a Wholly Owned subsidiary of RECTPCL (also subsidiary of REC as per the provisions of Section 2(87) of the Companies Act, 2013) to successful Bidder i.e. M/s. Sterlite Grid 4 Limited.
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