![REC brings Luthra on board for FPO Amarchand and Ashurst advise underwriters](http://media.assettype.com/barandbench%2Fimport%2F2009%2F12%2Felectricity.jpg?w=480&auto=format%2Ccompress&fit=max)
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.