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

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

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

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

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.

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.

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

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