New Delhi: State-run REC’s board Thursday decided to approve an interim dividend of Rs 11 per equity share of Rs 10 each and also increased its overall market borrowing limit to Rs 85,000 crore from the earlier Rs 60,000 for the current financial year.
Board approved declaration and payment of interim dividend at Rs 11 per equity share of Rs 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.
