Invest in REC OFS at a 5% discount

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The President of India, acting through and represented by the Ministry of Power, Government of India is the promoter of Rural Electrification Corporation Limited. The promoter proposes to sell 4,93,72,950 Equity Shares of Face value Rs.10/- each representing 5% of total paid up equity share capital of the company on 08th April, 2015 via OFS segment. The offer under this segment enables promoters to dilute their holdings in listed companies in a transparent manner with a wider participation.

DETAILS OF THE COMPANY
Symbol	RECLTD
Issue Size	4,93,72,950 Equity Shares of Rs.10/- each.
Offer Size for Retail Investors	98,74,590 ( 20 % of Offer Size )
Offer Size for Non Retail Investors	3,94,98,360 ( 80 % of Offer Size )
Discount for Retail Investors*	5% to the bid price. (Limit not more than Rs.2,00,000/-)
OFS Bidding Date, Time, Modification & Cancellation Time	8th April, 2015. 09:15 Hrs to 15:00 Hrs.
Floor Price	Rs. 315 per equity share.
Settlement	Settlement shall take place on a trade for trade basis. For non-institutional investors and institutional investors who place orders with 100% of the order value deposited upfront, settlement shall take place on a T+1 (T being the offer date and T+1 being April 9, 2015), in accordance with the SEBI OFS circulars. Pay-in & pay-out of bids by Retail Investors shall take place as per normal secondary market transactions.In the case of institutional investors who place bids without depositing 100% of the order value upfront, settlement shall be as per existing rules for secondary market transactions (i.e., on T+2, being April 10, 2015).

*A retail investor is anyone who bids up to Rs. 2 lakh.