With reference to the earlier letter dated July 28, 2016 regarding notice for date of next Board Meeting of the Company, Rural Electrification Corporation Ltd has now informed BSE that the Board of Directors of the Company in its meeting scheduled to be held on August 11, 2016, inter alia, will consider the proposal in respect of issue of Bonus Shares to the shareholders of the Company in the ratio, as it may deem fit by way of Capitalization of its reserves.
REC - Board to consider Bonus Issue
With reference to the earlier letter dated July 28, 2016 regarding notice for date of next Board Meeting of the Company, Rural Electrification Corporation Ltd has now informed BSE that the Board of Directors of the Company in its meeting scheduled to be held on August 11, 2016, inter alia, will consider the proposal in respect of issue of Bonus Shares to the shareholders of the Company in the ratio, as it may deem fit by way of Capitalization of its reserves.