Highlights of the Issue
Issue Period: 30th August - 23rd September, 2013
Secured, redeemable debentures with tax benefits under Section -10 of The Income Tax Act, 1961.
Interest Income on the Debentures is tax-free in nature
Minimum Subscription: Rs 5000(5 NCDs of face value Rs 1000 each)
Rated “CRISIL AAA/Stable" by CRISIL, "CARE AAA" by CARE, "IND AAA" by IRRPL & "[ICRA] AAA" by ICRA respectively
Attractive coupon of 8.71% per annum,
Who can Apply- Resident Individuals, HUFs, QFIs, NRIs QIBs, Corporates
To be listed on BSE
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Company Profile
Registered as NBFC, REC was incorporated on July 25, 1969 under the Companies Act 1956
Committed to financing & promotion of transmission, distribution & generation of energy projects throughout India
One of the 14 public sector undertakings to be granted NAVRATNA status
66.80% shareholding held by Government of India as on June 30, 2013
Total Loan Assets: Rs 127,355.54 crores as on March 31st, 2013
Net Worth: Rs 17,454.38 crores as on MArch 31st, 2013
Net NPA: .32% as on March 31st, 2013
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