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Board of Rural Electrification Corporation recommends bonus issue

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Capital Market
Last Updated : Aug 12 2016 | 12:03 AM IST

At meeting held on 11 August 2016

Rural Electrification Corporation announced that the Board of Directors of the Company at its meeting held on 11 August 2016, inter alia, have recommended the issue of Bonus Shares in the proportion of one bonus share of Rs. 10/- each for every existing one fully paid-up share of Rs. 10/- each for the approval of the Members in the ensuing Annual General Meeting by capitalisating the Securities Premium Account.

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First Published: Aug 11 2016 | 6:48 PM IST

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