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BSE SENSEX
73,088.33
+599.34
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Corporate Announcement
Security Code
532955
Company
REC Ltd
Exchange Received Time
04/02/2020 18:54:04
Exchange Disseminated Time
04/02/2020 18:54:15
Time Taken
00:00:11
Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015. |
02/04/20 18:54
This is to inform that in line with in-principle approval accorded by the Ministry of Power vide letter dated 11th November, 2019, the Board of Directors of REC in its Meeting held on 4th February, 2020 inter-alia approved the Scheme of Amalgamation of both wholly owned subsidiaries of the Company viz. REC Transmission Projects Company Limited ('Transferor Company') and REC Power Distribution Company Limited ('Transferee Company'), subject to requisite approvals/sanctions of the shareholders/creditors of the transferor & transferee companies, Central Government and such other authority(ies), as may be required.
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