In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 this is to inform that the Board of Directors of REC Limited in its 454th meeting held on February 8 2019 inter-alia approved the proposal for incorporation of five project specific Special Purpose Vehicles (SPVs) as wholly owned subsidiary Companies of REC Transmission Projects Company Limited for construction of projects as per letter attached.
The companies to be incorporated will also be a subsidiary companies of REC Limited in terms of the provisions of Section 2(87) of the Companies Act 2013.
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