RURAL ELECTRIFICATION CORPORATION LTD. - Outcome of Board Meeting
27 May 2016
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.
Source:
BSE India