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REC to raise Rs 5,000 cr by selling tax-free bonds

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 6:29 AM IST

State-run Rural Electrification Corp is planning to raise up to Rs 5,000 crore by selling tax-free bonds in the current financial year. The power sector lender intends to issue non-convertible bonds of Rs 1,000 each. REC said tenure of the bonds could be 10 or 15 years.

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First Published: Nov 23 2012 | 12:31 AM IST

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