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REC Gets Nod from CBDT to Raise ₹50 Billion via Zero-Coupon Bonds

The bonds will be issued for a tenure of ten years and six months

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Public infrastructure finance company, REC Limited has received approval from the Central Board of Direct Taxes (CBDT) to issue 500,000 zero-coupon bonds aggregating to ₹50 billion (~$582.25 million).

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