REC Ltd - 532955 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are enclosing herewith the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 as received from Registrar and Transfer Agent of the Company i.e. KFin Technologies Limited (Formerly KFin Technologies Private Limited) for the quarter ended March 31, 2023 in compliance of provisions of aforesaid Regulation.
Buy or sell: Vaishali Parekh recommends 3 stocks to buy today 10th April
Buy or sell stocks: Vaishali Parekh of Prabhudas Lilladher has recommended three day trading stocks to buy today REC, Voltas and Mahindra & Mahindra (M&M)
REC raises $750 mn via green bonds
The net proceeds from the issue of the bonds will be applied to finance, in whole or in part, the eligible green projects
State-owned NBFC firm REC raises $750 mn through issuance of green bonds
State-owned non-banking finance firm REC Ltd has raised USD 750 million through issuance of green bonds. The expected settlement date for these bonds is April 11, 2023. "REC Ltd under its USD 7 billion Global Medium Term Note Programme, has priced and issued USD 750,000,000; 5.625 per cent green bonds on April 3," according to a regulatory filing. These bonds will mature on April 11, 2028, and all principal and interest payments will be made in US dollars. The net proceeds from the issue of these bonds will be used in finance, in whole or in part, the eligible green projects, it stated. These bonds will be listed on Global Securities Market of India International Exchange (India INX) and NSE IFSC. REC Ltd - 532955 - Disclosure/ Intimation Regarding Issue Of US$ 750 Million, 5.625% Green Bonds By REC Limited.
This is to inform that REC Limited under its USD 7 billion Global Medium Term Note Programme, has priced and issued US$ 750,000,000, 5.625% Green Bonds on April 3, 2023. These Bonds will mature on April 11, 2028 and all principal and interest payments will be made in U.S. Dollars. The expected settlement date for these Bonds is April 11, 2023. These Bonds represent direct, unconditional and unsecured obligations of the Company and will rank pari passu among themselves and all other unsecured obligations of the Company. These Bonds will be listed on Global Securities Market of India International Exchange (India INX) and NSE IFSC. The net proceeds from the issue of these Bonds will be applied to finance, in whole or in part, the eligible green projects, in each case in accordance with the REC Limited Green Finance Framework and the External Commercial Borrowings guidelines and directions of, and the approvals granted by, the Reserve Bank of India from time to time.
REC opens bids for dollar-denominated bonds with initial price guidance
The book-building process would go through the day, when the final coupon rate and quantum would be closed, merchant bankers said REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Change in RTA
In pursuance of Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, this is to inform that Company has appointed M/s Alankit Assignments Limited, as Registrar & Share Transfer Agent of the Company with effect from April 1, 2023 in place of M/s KFin Technologies Limited. Further, in terms of the Regulation 7 of SEBI (LODR) Regulations, 2015, a tripartite agreement between REC Limited, M/s KFin Technologies Limited and M/s Alankit Assignments Limited is being executed and shall be intimated to you shortly. REC Ltd - 532955 - Approval Of Board Of Directors For Sale And Transfer Of KPS1 Transmission Limited, A Wholly Owned Subsidiary Of RECPDCL, To M/S Megha Engineering & Infrastructures Limited.
In pursuance of Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, this is to inform that the Board of Directors of the Company in its meeting held on March 30, 2023 inter-alia approved the sale and transfer of the entire shareholding of KPS1 Transmission Limited, presently held by REC Power Development and Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, to M/s Megha Engineering & Infrastructures Limited, the successful bidder selected through Tariff Based Competitive Bidding process. The other details relating to said transaction are attached. REC Ltd - 532955 - Closure of Trading Window
This is to inform that in terms of Company''s "Code of conduct for regulating, monitoring & reporting of trading by designated persons & their immediate relatives" (''the Code''), the trading window shall remain closed from April 1, 2023 till 48 hours from the date of Board Meeting in which the financial results for the quarter and year ended March 31, 2023 are approved, for trading in equity shares and listed securities (tax free bonds etc.). The trading window will open 48 hours after the declaration of the financial results for the quarter and year ended March 31, 2023. During the above period of closure of trading window, all designated persons and their immediate relatives have been advised not to deal in REC''s equity shares/securities. The date of Board Meeting of REC Limited for consideration and approval of financial results for the quarter ended March 31, 2023 will be intimated in due course. REC Ltd - 532955 - Sale And Transfer Of Khavda II-A Transmission Limited To M/S Adani Transmission Limited.
In continuation of our earlier letter dated March 10, 2023 on above cited subject, it is informed that after receipt of consideration comprising of professional fees of Bid Process Coordination, interest cost and reimbursement of expenditure incurred on the project by REC Power Development & Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, the entire shareholding of Khavda II-A Transmission Limited, comprising of 50,000 equity shares, presently held by RECPDCL, has been transferred at par value along with all its assets and liabilities on March 28, 2023 to M/s Adani Transmission Limited, the successful bidder selected through tariff based competitive bidding process for 'Transmission scheme for evacuation of 4.5 GW RE injection at Khavda P.S. under Phase-II - Part A' . Hence, with effect from the aforesaid date, the above project specific SPV is not a subsidiary of RECPDCL & REC.