REC To Invest Rs 99 Crore In EESL For Increasing Stake to 31.7%

New Delhi: Rural Electrification Corp on Friday said its board has given its approval to increase its stake to 31.7 per cent by investing Rs 99 crore more in Energy Efficiency Service Ltd (EESL). "Further investment in the Equity Share Capital of EESL (a joint venture Company of NTPC, REC, PFC & Power Grid Corp) upto an amount of Rs 99 crore," REC said in BSE filing today. The decison was taken in a meeting of board of directors on...