REC Merger & Restructuring Worth ₹0.05 Cr
REC Limited disclosed incorporation of Bikaner V Part D Power Transmission Limited, a wholly owned subsidiary via RECPDCL. Cash consideration of ₹0.05 Crore was paid for 100% subscription.
- Value
- ₹0.05 Cr
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REC Limited disclosed incorporation of Bikaner V Part D Power Transmission Limited, a wholly owned subsidiary via RECPDCL. Cash consideration of ₹0.05 Crore was paid for 100% subscription.
REC Limited disclosed incorporation of three wholly owned power transmission subsidiaries. Each has paid-up capital of ₹5,00,000 and no turnover yet.
REC Limited is selling its subsidiary, Jam Khambhaliya Jamnagar Power Transmission Limited, to Ceigall India Limited for a consideration of ₹18.40 Crore.
REC Limited sold its subsidiaries Jam Khambhaliya Jamnagar Power Transmission Ltd and Lakadia II Power Transmission Ltd for a total consideration of ₹36.82 Crore.
RECPDCL, a REC subsidiary, incorporated Bikaner V Part A Power Transmission Ltd for a 6GW transmission project. The SPV will transfer to the successful TBCB bidder post-selection.
REC Ltd incorporated three wholly-owned transmission subsidiaries—Bikaner V Part A, Part B, and Mirzapur—under RECPDCL. They will bid for transmission projects and transfer to bidders.