REC brings Luthra on board for FPO Amarchand and Ashurst advise underwriters

The Rural Electrification Corporation Limited (REC), a listed Public Sector Enterprise (PSE), today filed a draft Red Herring Prospectus (DRHP) with the SEBI, National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE) in connection with its Follow-on Public Offer (FPO). REC is offering equity shares constituting 20 percent of the existing paid-up capital. REC plans to raise Rs 3,200 crore ($694 million) through this issue.

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annon

December 7, 2009 - 4:11pm

Jitesh SHAHANI and not Shahni

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Gumball

December 7, 2009 - 3:52pm

Luthra has a lot of PSUs as clients

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Editor

December 7, 2009 - 3:51pm

Dear Anon, Thank you for pointing out to the error.

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anonymous

December 7, 2009 - 11:40am

FYI: Sudeshna Chartterjee is also a senior associate.

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