/ REC To Divest Govt Stake Stock Hit New 52 Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 17 January 2017

In a recent development, Rural Electrification Corporation is planning to divest 1.5% government stake via new ETF offering. The stock traded on new 52-week high today at Rs 145.05 per share, gaining Rs 1.90 per share or 1.32%.

The company recently paid interest dues for the bonds issued by the company under series 88. Rural Electrification Corporation Limited is engaged in other financial services and activities-other Credit granting. The Company provides finance to the Power sector.

It finances and promotes rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects that are sponsored by them.
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