REC board approves increasing market borrowing program for FY19-20
The company said the issue will open on April 1, 2020, and close on March 31, 2021.
Mar 26, 2020 02:03 IST India Infoline News Service

The board has also launched of Capital Gains Tax Exemption Bonds (Series XIV) under Section 54EC of the Income Tax Act, 1961 for raising of funds on private placement basis for an amount of Rs2,500cr with a green shoe option to retain oversubscription. The company said the issue will open on April 1, 2020, and close on March 31, 2021. However, it would have a right to pre-close the issue or extend the same at any time.