REC board approves borrowing limit hike, ₹11 per share interim dividend
NEW DELHI: State-run REC’s board Thursday decided to approve an interim dividend of ₹11 per equity share of ₹10 each and also increased its overall market borrowing limit to ₹85,000 crore from the earlier ₹60,000 for the current financial year.
Board approved declaration and payment of interim dividend at ₹11 per equity share of ₹10 each for 2018-19 in a meeting held on Thursday, a company statement said.
The interim dividend will be paid or dispatched on March 19 to those shareholders, according to the statement.
