Market Info

Rural Electrification Corporation to raise Rs 30,000 crore via Debentures

Rural Electrification Corporation will issue debentures worth Rs 30,000 crore during the current financial year. “Board of Directors of the company has approved issuance of non-convertible debentures up to Rs 30,000 crore through private placement during the current fiscal (2014-15),” REC said in a regulatory filing. NCDs cannot be converted into shares or equity. They […]