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S&P
BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
532955
Company
REC Ltd
Exchange Received Time
13/09/2019 16:44:38
Exchange Disseminated Time
13/09/2019 16:44:46
Time Taken
00:00:08
Sale And Transfer Of Udupi Kasargode Transmission Limited, A Wholly Owned Subsidiary Of RECTPCL And Also Of REC. |
9/13/2019 4:44:39 PM
In compliance with the provisions of SEBI (LODR) Regulations, 2015, it is informed that the entire shareholding of REC Transmission Projects Company Limited (RECTPCL), a wholly owned subsidiary of REC Limited in Udupi Kasargode Transmission Limited, comprising of 50,000 equity shares, have been transferred along with all its assets and liabilities on September 12, 2019, to Sterlite Grid 14 Limited, the successful bidder selected through Tariff Based Competitive Bidding Process for Transmission System for 400 kV Udupi (UPCL)-Kasargode D/C line.
Hence, with effect from the aforesaid date, the above Project Specific SPV is not subsidiary of RECTPCL & REC.
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