REC brings Luthra on board for FPO Amarchand and Ashurst advise underwriters

REC brings Luthra on board for FPO Amarchand and Ashurst advise underwriters

The Rural Electrification Corporation Limited (REC), a listed Public Sector Enterprise (PSE), today filed a draft Red Herring Prospectus (DRHP) with the SEBI, National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE) in connection with its Follow-on Public Offer (FPO). REC is offering equity shares constituting 20 percent of the existing paid-up capital. REC plans to raise Rs 3,200 crore ($694 million) through this issue.

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