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Board of REC approves bonus issue of 1:3

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Capital Market

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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