Rural Electrification Corporation Ltd now announced with reference to the earlier annoucement dated October 16, 2009, regarding consideration of Follow-on Public Offer (FPO) of Equity Shares in the Board Meeting, that the Ministry of Power (MOP) vide its letter dated November 09, 2009 has conveyed their approval for Follow-on Public Offer (FPO) of the Company of 171,732,000 Equity Shares of Rs. 10 each constituting 20 % of existing paid-up capital.
The stock closed the day at Rs.216.95, up by Rs.1.85 or 0.86%. The stock hit an intraday high of Rs.219.50 and low of Rs.210.
The total traded quantity was 165261 compared to 2 week average of 290429.
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