NEW DELHI. Rural Electrification Corp (REC) has sought market regulator Sebi's approval to raise upto Rs 5,000 crore through tax-free bonds.
"Public issue by REC of tax free redeemable Non Convertible Bonds of face value of Rs 1,000 each...For an amount aggregating upto the shelf limit of Rs 5,000 crore by way of issuance of bonds in one or more tranches in the fiscal 2014," said the draft prospectus of the company filed with Sebi.. Money control.com