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First Central Public Sector Enterprises - Disinvestment - Rural Electrification Corporation (REC) for the year 2015-16

Dated:- 9-4-2015 - A Record 902% Oversubscription Amounting to ₹ 2887 Crore; FII Participation Stood at Impressive ₹ 1692 Crore or 20.71% of the Subscribed Amount The First CPSE disinvestment for the fiscal year 2015-16 got off to a thump .....

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of the shares offered for sale, 20% were reserved for retail investors i.e. those investors who placed bids for shares of total value of not more than ₹ 2.00 lakh. In addition, a 5% discount was also offered to retail investors on price bid. W .....

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or the issue is borne out by the fact that the indicative price for retail was ₹ 325.10 and for institutions ₹ 324.73 both above the previous day (7/4/2015) closing price of ₹ 321.65 and floor price of ₹ 315. Seldom, if ever, .....

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