REC becomes first PSU in 2015-2016 to undergo disinvestment

Q.  Name the corporation that became the first public sector undertaking (PSU) to hit the market in fiscal year 2015-16 with its disinvestment taking place on 8 April 2015?
- Published on 31 Jul 15

a. Urban Electrification Corporation
b. Rural Electrification Corporation
c. Domestic Electrification Corporation
d. Metro Electrification Corporation

ANSWER: Rural Electrification Corporation
 
The Rs 1,550-crore share sale in Rural Electrification Corporation (REC) was subscribed more than 5.5 times thanks to demand from domestic institutions and investors.

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