In compliance with the provisions of Regulation 30 of the SEBI (LODR) Regulations 2015 this is to inform that the Board of Directors of REC Limited in its Meeting held on 28th February 2019 inter-alia approved the following:-
a)Declaration and payment of Interim Dividend @ Rs.11/- (Rupees Eleven only) per equity share of Rs.10/- each for the Financial Year 2018-19. The said Interim Dividend will be paid/dispatched on Tuesday March 19 2019.
b)Modification in limits of the existing Market Borrowing Programme under various debt segments for the financial year 2018-19 from Rs.60 000 crore to Rs.85 000 crore.
c)The proposal relating to Market Borrowing Programme under different debt segments for the financial year 2019-20 was deferred by the Board.
d)Launch of Capital Gains Tax Exemption Bonds (Series XIII) under Section 54EC of the Income Tax Act 1961 for raising of funds on private placement basis for Rs.2 500 crore with green shoe option to retain over subscription.
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