REC Ltd - Prospectus Synopsis

REC Ltd RHP

Registered Office : Core-4 SCOPE Complex , 7 Lodi Road , New Delhi - 110003 , New Delhi , India.

Phone : 91-11-24365161  Fax : 91-11-24360644

Email : complianceofficer@recl.in    Website : www.recindia.gov.in

Public issue of 171,732,000 equity shares of face value of Rs. 10 each (equity shares) of Rural Electrification Corporation Limited (the Company or the Issuer) for cash at a prices determined through the alternate book building method under part D of schedule XI of the Securities and Exchange Board of India (Issue of capital and disclosure requirements) regulations, 2009, as amended (The SEBI Regulations) aggregating up to Rs. 3529.94 crores (the Issue) consisting of a fresh issue of 128,799,000 equity shares by the company (Fresh Issue) and an offer for sale of 42,933,000 equity shares (Offer for Sale) by the President of India, acting through the ministry of power, Government of India (the Selling Shareholder). The Issue comprises a net issue of 171,382,000 equity shares to the public (net issue) and a reservation of 350,000 equity shares for subscription by eligible employees (the employee reservation portion). The issue shall constitute 17.39% of the fully diluted post-issue capital of the company and the net issue shall constitute 17.36% of the fully diluted post-issue capital of the company. The Face value of the equity share is Rs. 10 each The Floor price (For Bids submitted by non-institutional bidders and retail individual bidders) is Rs. 203 per equity share of face value of Rs. 10/- each The Floor price is 20.3 times of the face value. The Clearing price (For Bids submitted by qualified institutional buyers, including mutual funds) is Rs. 206 per equity share. The Employee price (For Bids submitted by eligible employees under the employee reservation portion) is Rs. 193 per equity share.

Issue Money Payable On
Opens On Closes On Application Allotment
19-Feb-2010 23-Feb-2010 Rs 203 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 30 Further Multiples of : 30
  Rs Cr Lead Managers to the Issue
Project Cost 0 DSP Merrill Lynch Ltd
Project Financed through Current Offer 3529.94  
Post Issue Equity Share Capital 987.46  
Issue Price Rs. 203  
Projects
Augment our Cap. base to Meet our Future Cap. requ
Promoted By Listing At Registrar to the Issue
President of India
Mumbai Karvy Computershare Pvt Ltd
 

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