REC sells two power transmission SPVs via competitive bidding

Strategic Transactions View source PDF Explain this filing

RECLTD · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹364.05

prior close

₹365.00

announcement price

After-mkt

timing

Nifty 100market+0.6%+1.0% vs market

Financial Institution peers, median of 7sector+0.5%+1.1% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty 100 and 1.1 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.7

15m

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30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.6+1.0+0.5+1.1

Next day

+1.4+1.3+0.2+1.4+0.1

+0.3+1.6-1.3+1.0-0.8

+0.5+2.2-1.7+0.6-0.1

-2.3+2.0-4.3-0.8-1.5

-4.5-0.1-4.4-2.6-1.9

-3.1+1.4-4.5-0.8-2.4

15d

-1.1+0.6-1.7-3.8+2.6

+1.1+3.9-2.7-0.7+1.8

-13.6+1.0-14.6-9.1-4.5

-21.0-5.6-15.3-13.9-7.0

UpDownMarket · Nifty 100Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

REC has transferred two project-specific subsidiaries from its wholly owned unit RECPDCL to Power Grid Corporation (WR ER Part A) and H G Infra Engineering (WR ER Part C), effective June 30, 2026. Combined consideration is about Rs 20.54 crore including taxes. The sale was done through tariff-based competitive bidding as per Ministry of Power guidelines. Buyers are not related parties and turnover contribution from these SPVs was negligible.

Likely market impact

Minor asset sale totalling about Rs 20.54 crore from non-related buyers. Negligible revenue impact, no material financial effect expected on REC.