MUMBAI, June 4 India’s REC plans to raise ₹3,000 crore ($313.48 million), including a greenshoe option of ₹2,500 crore through the sale of bonds maturing in two years and nearly nine months, three bankers said on Thursday.
The state-run company has invited coupon and commitment bids for the issue on Monday, they said. The company did not reply to a Reuters email seeking comment.