REC Merger & Restructuring Worth ₹3.06 Cr
REC Limited sold its subsidiary, Sakoli Power Transmission Limited, to Ashoka Buildcon Limited for ₹3.06 Crore. The transaction was completed on 23 September 2026.
- Value
- ₹3.06 Cr
- From
- Ashoka Buildcon Limited
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REC Limited sold its subsidiary, Sakoli Power Transmission Limited, to Ashoka Buildcon Limited for ₹3.06 Crore. The transaction was completed on 23 September 2026.
REC Limited is selling its subsidiary, Barmer HVDC Power Transmission Limited, to Power Grid Corporation of India Limited for a total consideration of ₹18.98 Crore.
REC Limited sold its stakes in subsidiaries Barmer HVDC Power Transmission and Sakoli Power Transmission for a combined consideration of ₹22.03 Crore.
REC Ltd's Independent Directors Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi completed their three-month tenure. They ceased from the board on September 22, 2026.
REC Limited has successfully redeemed Commercial Paper worth ₹2,450 Crore upon maturity on September 21, 2026.
REC Limited has confirmed the timely redemption and maturity payment of its Commercial Paper (ISIN: INE020B14706) due on 21.09.2026.
REC Ltd paid ₹74.92 Crore half-yearly coupon on its 8.09% 2028 listed bonds. Payment was made on the due date of 21 Sep 2026.
REC Limited has confirmed the successful payment of interest on its debt securities due on September 16, 2026. The total interest amount paid is Rs. 251.02 Crore.