REC Limited — Important, 26-03-2025: General Updates

REC Limited has announced a board meeting regarding the sale and transfer of its subsidiary, Mahan Transmission Limited. The entire shareholding of 50,000 equity shares, held by REC Power Development and Consultancy Limited, has been transferred to Adani Energy Solutions Limited for a consideration that includes a professional fee of ₹3.28 crore and reimbursement of expenses. With this transaction, Mahan Transmission is no longer a subsidiary of REC or RECPDCL, which may simplify the company's operational structure. This move could signal a strategic shift for REC, potentially enhancing efficiency and focusing on its core business areas, which may garner a positive outlook from investors.