REC OFS floor price is Rs 315/-

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REC OFS floor price is Rs 315/-

RURAL ELECTRIFICATION CORPORATION LIMITED
Security Type	OFS
Symbol	RECLTD
Offer Date	08 Apr 2015
StartTime	09:15
EndTime	15:30
Offer Size for Retail Investors	98,74,590
Offer Size for Non Retail Investors	3,94,98,360
Face Value	10.00
Floor Price	315.00
	The Seller shall declare the Floor Price for the Offer on April 7,2015(i.e. T-1,T being the Offer Date) latest by 5:00 p.m.,Indian Standard Time,to the Stock Exchanges and the Stock Exchanges shall inform the market immediately.The Floor price of the Offer in Terms of SEBI OFS circulars shall be Rs 315/- per equity share of Rural Electrification Limited
Lot Size	1
Tick Price	0.05
ISIN No	INE020B01018
Minimum Bid Quantity	1
Maximum Bid Quantity	4,93,72,950
Allocation Methodology	Price Priority
Discount to Retail Investors (if any)	5
	Retail Investors will be allocated Offer Shares at a discount of 5% to the bid price entered by them in accordance with the SEBI OFS Circulars
LTP	321.65
Seller Members Details	Click Here
Selling Member	1) IL&FS Broking Services Private Limited (Clg code: 3216) 2) JM Financial Institutional Securities Limited (Clg code: 400) 3) Morgan Stanley India Co.Pvt.Ltd. (Clg code: 457)
Seller Promoter	The President of India,acting through and represented by the Ministry of Power,Government of India
Exchange Notices	1) Opening of Offer for Sale for Rural Electrification Corporation Limited 2) Mock Session for Offer for Sale (OFS) of Rural Electrification Corporation Ltd on Tuesday, April 7, 2015 3) Declaration of Floor Price of Offer for Sale of RURAL ELECTRIFICATION Ltd 4) Opening of Offer for Sale for Rural Electrification Limited – Activities Schedule