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REC LIMITED — Capital/Financing Update 2024
May 30, 2024
59116_rns_2024-05-30_f0de79b5-7656-4d2f-bfb7-21ce5fd85f40.pdf
Capital/Financing Update
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SEC-1/187(2)/2024/ 1719
Dated: May 30, 2024
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----- Start of picture text ----- िल��ंग िवभाग , कॉप�रेट संबंध िवभागनेशनल �ॉक ए�च�ज ऑफ इंिडया िलिमटेड बीएसई िलिमटेडए�च�ज �ाजा , बां�ा कुला� कॉ��े� , पहली मंिजल , फीरोज जीजीभोय टावस�बां�ा ( पूव� ), मबई - ४०० ०५१ दलाल ��ीट , फोट� , मबई - ४०० ००१��प कोड —RECLTD ��प कोड —532955Listing Department, Corporate Relationship Departmenttional Stock Exchange of India Limited BSE Limitedchange Plaza, Bandra Kurla Complex, 1 [st] Floor, Phiroze Jeejeebhoy TowersBandra (East), Mumbai – 400 051. Dalal Street, Fort, Mumbai – 400 001.Scrip Code—RECLTD Scrip Code—532955----- End of picture text -----
Sub: Intimation of sale and transfer of two project specific SPVs/subsidiaries of REC Limited (“REC”).
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of our earlier letter dated April 30, 2024, it is informed that after receipt of necessary consideration by REC Power Development & Consultancy Limited (“RECPDCL”), a wholly owned subsidiary of REC, the entire shareholding of two subsidiaries, comprising of 50,000 equity shares of each subsidiary, held by RECPDCL, has been transferred at par value along with all its assets and liabilities on May 30, 2024 to the successful bidders selected through tariff based competitive bidding process, as per the details given below:-
| Sl.No. | Name of the Subsidiary of REC/RECPDCL | Name of the successful bidder |
|---|---|---|
| 1. | Khavda IV-E2 Power TransmissionLimited | Power Grid Corporation of India Limited |
| 2. | NERESXVIPowerTransmissionLimited | Techno Electric & Engineering CompanyLimited |
Hence, with effect from the aforesaid date, the above project specific SPVs/subsidiaries are not the subsidiaries of RECPDCL & REC.
यह आपकी जानकारी के िलए है। This is for your kind information.
ध�वाद ,
Jyoti Shubhra Amitabh Digitally signed by Jyoti Shubhra Amitabh DN: c=IN, o=Personal, title=0573, pseudonym=133065811914836276Dm3B8269pXyOd3, 2.5.4.20=90de92ff366d85bfab279748dedfb1a88a5af19e87ea57b3f19ab9d20d92f4e8, postalCode=201301, st=Uttar Pradesh, serialNumber=159303584c6c1556d495ded817d8acafb7052d4bc2ffef2356115a0e92ae00ac, cn=Jyoti Shubhra Amitabh Date: 2024.05.30 18:58:35 +05'30' भवदीय , ( जे . एस . अिमताभ) काय�कारी िनदेशक और कंपनी सिचव
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