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Article: BRIEFING - ASIA INFRASTRUCTURE - NOV 11, 2009.
- Article from:
- AsiaPulse News
- Article date:
- November 11, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on infrastructure for Nov 11, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDIA'S RURAL ELECTRIFICATION GETS POWER MINISTRY NOD FOR FPO
NEW DELHI - India's state-run Rural Electrification Corporation (REC) yesterday said it has received approval from the Power Ministry for its proposed follow-on public offer (FPO).
"The Ministry of Power...has conveyed their approval for follow-on public offer of the Company of 171.7 million equity shares of Rs 10 (US$0.21) each constituting 20 per cent of the existing paid-up ...