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Board of REC approves bonus issue of 1:3

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Capital Market
Last Updated : Jul 01 2022 | 11:05 AM IST

At meeting held on 30 June 2022

The Board of REC at its meeting held on 30 June 2022 has recommended the issue of bonus shares in ratio of 1:3 to the eligible members by capitalizing a sum not exceeding Rs 658.30 crore out of the sum standing to the credit of 'Securities Premium Account', subject to the approval of shareholders through postal ballot.

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First Published: Jul 01 2022 | 10:38 AM IST

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