REC shares trades ex-bonus today; stock rises

REC Ltd.'s shares rose to ₹103 apiece on the BSE in Wednesday's opening deals as it started trading ex-bonus, a day ahead of its record date for bonus issue which has been recommended at 1:3 ratio

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The board of directors at Public Enterprise REC Limited has recommended that shareholders receive bonus shares in the ratio 1:3

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with each share priced at Rs. 100/- The record date for this issue will be next week on Thursday 18th August 2022

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The new equity security allows rural India access to electricity through solar home systems installed by qualified installers who have been trained under our program called “Rural Electrification

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The Board of Directors has recommended that bonuses be granted in the form or 1:3, which means one bonus share worth ₹10 will automatically become available for every three existing equity shares held.

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The company has announced that two resolutions as set out in the Postal Ballot Notice dated July 8, 2022 have been approved by shareholders with requisite majority.

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The first is to appoint Vivek Kumar Dewangan as its Chairman and Managing Director while secondly they will capitalize reserves

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for issuing Bonus shares among other things like it says on notice so we hope this news helps your day go better too!

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