The entire shareholding of REC Transmission Projects Company Limited (RECTPCL), a wholly owned subsidiary of REC Limited in Ajmer Phagi Transco Limited, comprising of 50,000 equity shares, have been transferred along with all its assets and liabilities on October 3, 2019, to Power Grid Corporation of India Limited, the successful bidder selected through Tariff Based Competitive Bidding Process for 'Construction of Ajmer (PG)-Phagi 765 kV D/C line along with associated bays for Rajasthan SEZ'.
Hence, with effect from the aforesaid date, the above Project Specific SPV is not subsidiary of RECTPCL & REC.
Shares of REC Ltd was last trading in BSE at Rs.124.85 as compared to the previous close of Rs. 123.7. The total number of shares traded during the day was 759916 in over 2902 trades.
The stock hit an intraday high of Rs. 125.7 and intraday low of 121.9. The net turnover during the day was Rs. 94001795.