REC Limited — Board Meeting, 04-06-2025: Outcome of Board Meeting

REC has announced a board meeting where it approved raising up to ₹1.55 lakh Cr through private placement of unsecured/secured non-convertible bonds to fuel growth, subject to shareholder approval. The fundraising will be staggered over a year. The company is also winding up its wholly-owned subsidiary, Rajgarh III Power Transmission Limited, after the project was merged with another transmission scheme, signaling a strategic consolidation.