Está en la página 1de 46

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

THIS ABRIDGED PROSPECTUS CONSISTS OF 48 PAGES, PLEASE ENSURE THAT YOU GET ALL PAGES
Please ensure that you read the Prospectus and the general instructions contained in this Memorandum before applying in the
Issue. Unless otherwise specified, all capitalised terms used in this form shall have the meaning ascribed to such terms in the
Prospectus. The investors are advised to retain a copy of Prospectus/Abridged Prospectus for their future reference.

RURAL ELECTRIFICATION CORPORATION LIMITED

(A Government of India Undertaking)


Our Company was incorporated as a private limited company under the Companies Act, 1956 on July 25, 1969 at New Delhi as Rural Electrification Corporation Private Limited. The
word private was deleted from the name of our Company on June 03, 1970. Our Company became a deemed public limited company with effect from July 01, 1975. Our Company was
converted into a public limited company with effect from July 18, 2003. For further details in relation to the corporate history of our Company, see the section titled History and Certain
Corporate Matters on page 122 of the Shelf Prospectus.
Registered Office and Corporate Office: Core 4, SCOPE Complex, 7, Lodhi Road, New Delhi 110 003, India
Telephone: +91 11 4102 0101; Facsimile: +91 112436 9846; E-mail: rectfbond@recl.nic.in; Website: www.recindia.nic.in
For further details in relation to the changes in our registered office, see the section titled History and Certain Corporate Matters on page 122 of the Shelf Prospectus
Compliance Officer: Mr. Rajesh Kumar, Chief Manager (Finance)
Telephone: +91 11 4309 1676; Facsimile: +91 11 2436 9846; E-mail: rectfbond@recl.nic.in

PROMOTER OF THE COMPANY: THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF POWER, GOVERNMENT OF INDIA

PUBLIC ISSUE BY RURAL ELECTRIFICATION CORPORATION LIMITED (REC OR ISSUER OR THE COMPANY) OF TAX FREE SECURED
REDEEMABLE NON CONVERTIBLE BONDS OF FACE VALUE OF ` 1,000 EACH IN THE NATURE OF DEBENTURES HAVING TAX BENEFITS
UNDER SECTION 10 (15) (iv) (h) OF THE INCOME TAX ACT, 1961, AS AMENDED (BONDS) FOR AN AMOUNT AGGREGATING UPTO THE
SHELF LIMIT* (` 4,500 CRORES) BY WAY OF ISSUANCE OF BONDS IN ONE OR MORE TRANCHES IN THE FISCAL 2013 (EACH A TRANCHE
ISSUE, AND TOGETHER ALL TRANCHE ISSUES UPTO THE SHELF LIMIT,ISSUE). THIS TRANCHE ISSUE BY THE ISSUER IS OF BONDS
AGGREGATING TO ` 1000 CRORES WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UPTO THE SHELF LIMIT (I.E. UPTO ` 4,500 CRORES*)
(TRANCHE 1 ISSUE). THIS TRANCHE ISSUE IS BEING OFFERED BY WAY OF THIS PROSPECTUS TRANCHE - 1, WHICH CONTAINS, INTER
ALIA, THE TERMS AND CONDITIONS OF THE TRANCHE - 1 ISSUE (PROSPECTUS TRANCHE - 1), WHICH SHOULD BE READ TOGETHER
WITH THE SHELF PROSPECTUS DATED NOVEMBER 26, 2012 FILED WITH REGISTRAR OF COMPANIES, THE STOCK EXCHANGES AND SEBI
(THE SHELF PROSPECTUS). THE SHELF PROSPECTUS TOGETHER WITH THIS PROSPECTUS TRANCHE - 1 SHALL CONSTITUTE THE
PROSPECTUS.
* Pursuant to the CBDT Notification, the Company has raised ` 500 crores through the private placement of Bonds. Consequently the Shelf Limit which was mentioned
as ` 5000 crores in the Draft Shelf Prospectus stands reduced to ` 4500 crores. This Limit shall be applicable for raising further funds through public issue route and/
or the private placement route such that at least 75% of the allocated amount under the CBDT Notification shall be raised through the public issue route.
The Issue, and for the avoidance of doubt, each Tranche Issue is being made under the provisions of Securities and Exchange Board of India (Issue and Listing of Debt Securities)
Regulations, 2008, as amended (SEBI Debt Regulations) and Notification no. 46/2012.F.No.178/60/2012-(ITA.1) dated November 6, 2012 and corrigendum thereof vide
notification no. 50/2012-Income Tax dated November 15, 2012 issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India, by
virtue of powers conferred upon it by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income Tax Act, 1961.
GENERAL RISKS

Investors are advised to read the Risk Factors carefully before taking an investment decision in relation to the Issue. For taking an investment decision, Investors must rely on
their own examination of the Issuer and the Issue including the risks involved. Investors are advised to refer to section Risk Factors in the Shelf Prospectus before making
an investment in the Tranche Issue. Prospectus Tranche - 1 has not been and will not be approved by any regulatory authority in India, including the Securities and
Exchange Board of India (SEBI), the Reserve Bank of India (RBI), any registrar of companies or any stock exchange in India.

ISSUERS ABSOLUTE RESPONSIBILITY


The Issuer having made all reasonable inquiries, accepts responsibility for, and confirms that the Prospectus contains and will contain all information with regard to the Issue
which is material in the context of the Issue; the information contained in the Prospectus Issue will be true and correct in all material respects and is not misleading in any
material respect; the opinions and intentions expressed herein are honestly held and that there are no other material facts, the omission of which makes the Prospectus as a
whole or any such information or the expression of any such opinions or intentions misleading in any material respect.
CREDIT RATINGS

CRISIL Limited (CRISIL) vide its letter no. MS/FSR/REC/2012-13/1317 dated November 07, 2012, has assigned a credit rating of CRISIL AAA/Stable to the long term
borrowing programme of the Company aggregating to ` 27,500 crores. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing
of financial obligations. Such instruments carry lowest credit risk. Credit Analysis & Research Limited (CARE) vide its letter dated November 9, 2012 has assigned a credit
rating of CARE AAA to the market borrowing programme of the Company for FY 2012-13 aggregating ` 30,000 crores. Instruments with this rating are considered to have
the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk. India Ratings and Research Private Limited (formerly
Fitch Ratings India Private. Limited) (IRRPL) vide its letter dated November 07, 2012 has assigned a credit rating of IND AAA to the borrowing programme of the Company
aggregating ` 30,000 crores. This rating denotes the highest rating assigned in its national rating scale. This rating is assigned to the best credit risk relative to all other issuers
or issues in the country. ICRA Limited (ICRA) vide its letter no. D/RAT/2012-13/R7/8 dated November 12, 2012 has assigned the rating of [ICRA] AAA to the long term
borrowing programme of the Company aggregating to ` 30,000 crores. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing
of financial obligations. Such instruments carry lowest credit risk. The above ratings are not a recommendation to buy, sell or hold securities and hence the investors should
take their own decision before investing in the Issue. The ratings may be subject to revision or withdrawal at any time by the assigning rating agencies and should be evaluated
independently of any other ratings. For further details and for rationale for the above ratings, please refer to Appendix - II of the Shelf Prospectus.
PUBLIC COMMENTS

The Draft Shelf Prospectus dated November 15, 2012 was filed with the National Stock Exchange of India Limited (NSE) (Designated Stock Exchange) and BSE Limited (BSE) on
November 16, 2012 pursuant to the provisions of the SEBI Debt Regulations and was open for public comments for a period of 7 (seven) Working Days (i.e. until 5 p.m. on November 23, 2012).
LISTING

The Bonds are proposed to be listed on the BSE and NSE.NSE shall be the Designated Stock Exchange for the Issue.The BSE and NSE have given their in principle approval
for listing vide their letter no. DCS/SP/PI-BOND/17/12-13 dated November 23, 2012 and letter no. NSE/LIST/187231-2 dated November 23, 2012 respectively.

ISSUE PROGRAMME*

ISSUE OPENS ON : DECEMBER 03, 2012

ISSUE CLOSES ON : DECEMBER 10, 2012

The subscription list for the Issue shall remain open for subscription, from 10:00 A.M. to 5:00 P.M during the period indicated above, with an option for early closure (subject to the Issue being open for a minimum of 3 days and
Category IV portion being fully subscribed) as may be decided by the Board of Directors or the Bond Committee. In the event of such early closure of the subscription list of the Issue, our Company shall ensure that public notice of
such early closure is published on or before the day of such early date of closure as the case may be, through advertisement/s in at least one leading national daily newspaper.
*

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


LEAD MANAGERS TO THE ISSUE
A.K. CAPITAL SERVICES LIMITED
30-39 Free Press House,
3rd Floor, Free Press Journal Marg,
215, Nariman Point, Mumbai 400021
Tel: +91 22 6754 6500/ 6634 9300;
Facsimile: +91 22 6610 0594
Email: rectfbonds2@akgroup.co.in
Investor Grievance Email: investor.grievance@akgroup.co.in
Website: www.akcapindia.com
Contact Person: Ms. Anusha Bharadwaj/ Mr. Yashesh Thakkar
Compliance Officer: Mr. Vikas Agarwal
SEBI Registration No.: INM000010411

SBI CAPITAL MARKETS LIMITED


202, Maker Tower E,
Cuffe Parade, Mumbai 400 005
Tel: +91 22 2217 8300;
Facsimile: +91 22 2217 8332
Email: rectaxfree2012@sbicaps.com
Investor Grievance Email:investor.relations@sbicaps.com
Website:www.sbicaps.com
Contact Person:Ms. Apeksha A Munwanee/ Mr. Nikhil
Bhiwapurkar
Compliance Officer: Mr. Bhaskar Chakraborty
SEBI Registration No.: INM000003531
REGISTRAR TO THE ISSUE

ENAM SECURITIES PRIVATE LIMITED#


1st floor, Axis House,
C-2 Wadia International Centre
P.B. Marg, Worli, Mumbai- 400025
Tel: +91 22 4325 2525
Facsimile: +91 22 4325 3000
Email: rectaxfree@axiscap.in
Website: www.enam.com
Investor Grievance Email: complaints@axiscap.in
Contact Person: Mr. Akash Aggarwal
Compliance Officer: Mr. M. Natarajan
SEBI Registration No.: INM000006856
#The merchant banking business of Enam Securities Private Limited, has vested
with Axis Capital Limited, which is in the process of completing the formalities
of SEBI registration.

Karvy Computershare Private Limited


Plot No. 17 to 24
Vittal Rao Nagar,
Madhapur, Hyderabad - 500 081, A.P.
Tel: +91 40 4465 5000
Facsimile: +91 40 2343 1551
Email: einward.ris@karvy.com
Investor Grievance Email: recl.bonds@karvy.com
Website: https:\\karisma.karvy.com
Contact Person: Mr. M. Murali Krishna/Mr. S. Balaji
SEBI Registration Number: INR000000221
TRUSTEE FOR THE BONDHOLDERS

ICICI SECURITIES LIMITED


H.T. Parekh Marg, Churchgate
Mumbai 400 020, India
Tele: +91 22 2288 2460
Facsimile: +91 22 2282 6580
Email: rec.taxfreebonds@icicisecurities.com
Investor Grievance Email:
customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact Person: Mr. Mangesh Ghogle / Mr. Sumit Agarwal
Compliance Officer: Mr. Subir Saha
SEBI Registration No.: INM000011179

KOTAK MAHINDRA CAPITAL COMPANY LIMITED


1st Floor, Bakhtawar,
229, Nariman Point,
Mumbai 400 021
Tel.: +91 22 6634 1100;
Facsimile.: +91 22 22840492
Email: rec.bonds@kotak.com
Investor Grievance Email: kmccredressal@kotak.com
Website: www.investmentbank.kotak.com
Contact Person: Mr. Ganesh Rane
Compliance Officer: Mr. Ajay Vaidya
SEBI Registration No.: INM000008704
4

SBICAP Trustee Company Limited


8, Khetan Bhavan, 5th Floor,
198, J.T. Road, Churchgate,
Mumbai 400020
Tel: +91 22 4302 5555;
Facsimile: +91 22 4302 5500
Email:corporate@sbicaptrustee.com
Investor Grievance Email: investor.cell@sbicaptrustee.com
Website: www.sbicaptrustee.com
Contact Person: Mrs. Rupali Patil/Mr. Ajit Joshi
SEBI Registration No.: IND000000536
SBICAP Trustee Company Limited has given its consent to
the Issuer for its appointment under regulation 4 (4) of SEBI
Debt Regulations
LEGAL ADVISORS TO THE ISSUE
M.V. KINI & CO.,
Advocates & Solicitors
Kini House, 6/39 Jungpura-B
New Delhi 100014
Tel: +91 11 2437 1038/39/40
Facsimile: +91 11 24379484
E-mail: iporec@mvkini.com

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


COMPANY SECRETARY, COMPLIANCE OFFICER AND DIRECTOR (FINANCE)
Our Company Secretary is Mr. J. S. Amitabh, Compliance Officer for the Issue is Mr. Rajesh Kumar, Chief Manager (Finance) and
Director (Finance) is Mr. Ajeet Kumar Agarwal. Their contact details are as follows:
Company Secretary:

Mr. J. S. Amitabh
General Manager & Company Secretary
Rural Electrification Corporation Limited
Core-4, SCOPE Complex
7, Lodhi Road, New Delhi 110 003
Tel: +91 11 2436 7305
Facsimile: +91 11 2436 2039

E-mail: jsamitabh@recl.nic.in

Compliance Officer:

Mr. Rajesh Kumar


Chief Manager (Finance)
Rural Electrification Corporation Limited
Core-4, SCOPE Complex
7, Lodhi Road, New Delhi 110 003
Tel: +91 11 4309 1676
Facsimile: +91 11 2436 9846
E-mail: rectfbond@recl.nic.in

Director (Finance):

Mr. Ajeet Kumar Agarwal,

Rural Electrification Corporation


Limited
Core-4, SCOPE Complex
7, Lodhi Road
New Delhi-110003
Tel: +91 11 24361914
Facsimile: +91 11 24365090
E-mail: ak.agarwal@recl.nic.in

Investors may contact the Compliance Officer or the Registrar to the Issue in case of any pre-Issue or post-Issue related
problems such as non-receipt of allotment advice, bond certificates, credit of allotted Bonds in the respective beneficiary account or refund orders etc.
All grievances relating to the Issue may be addressed to the Registrar to the Issue, giving full details such as name, Application Form number, address of the Applicant, number of Bonds applied for, amount paid on application, Depository Participant and the collection centres of the Members of the Syndicate where the Application was submitted.
All grievances relating to the ASBA process may be addressed to the Registrar to the Issue with a copy to the relevant SCSB, giving
full details such as name, address of Applicant, Application Form number, number of Bonds applied for, amount blocked on Application and the Designated Branch or the collection centre of the SCSB where the Application Form was submitted by the ASBA
Applicant.
All grievances arising out of Applications for the Bonds made through the Trading Members may be addressed directly to the respective Stock Exchanges.
STATUTORY AUDITORS OF THE ISSUER
S.No.
1

Name
M/s Bansal & Co.,
Chartered Accountants,
having Firm Registration: 001113N

M/s P K Chopra & Co.,


Chartered Accountants,
having Firm Registration: 006747N

Address
A-6, Maharani Bag,
New Delhi 110065
Tel:+91 11 4162 6470
Email: info@bansalco.com
Contact Person: Mr. R.C. Pandey
N Block, Bombay Life Building,
Radial Road 7, Connaught Place,
New Delhi 110 007
Tel: +91 11 23315761
Email: pkc@pkchopra.com
Contact Person: Mr. K S Ponnuswami

Auditor Since
August 12, 2009

August 17, 2011

SELF CERTIFIED SYNDICATE BANKS

REFUND BANK

The list of Designated Branches that have been notified by SEBI


to act as SCSBs for the ASBA process is provided on http://
www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries or at such other website as may be prescribed by
SEBI from time to time. For more information on the Designated Branches collecting ASBA Applications, see the above
mentioned web-link.

AXIS BANK LIMITED*


148, Statesman House,
Barakhamba Road,
New Delhi 110001
Tel.: +91 11 47425120; +91 9818333691; +91 9911591303
Facsimile: +91 11 23311054
E-mail: Newdelhi.branchhead@axisbank.com; rajkumar.
miglani@axisbank.com; amit.mishra@axisbank.com; ashish.
dhall@axisbank.com
Website: www.axisbank.com
SEBI Registration No.: INBI00000017

ESCROW COLLECTION BANKS


HDFC Bank Limited, State Bank of India, IDBI Bank Limited,
Indusind Bank Limited, ICICI Bank Limited, AXIS Bank
Limited, Kotak Mahindra Bank Limited, YES Bank Limited
For further details, please refer to section General Information
on page 16 of the Prospectus Tranche -1

* The registration of Axis Bank expired on November 15, 2012. However, the Bank has applied for renewal of certificate of registration under
SEBI (Banker to an Issue) Regulation, 1994.

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


CREDIT RATING AGENCIES
CRISIL LIMITED
CRISIL House,
Central Avenue,
Hiranandani Business Park,
Powai,
Mumbai 400076
Tel: +91 22 33423000,
Facsimile: +91 22 33423050
Email: crisilratingdesk@crisil.com
Website:www.crisil.com
Contact Person: Mr. Suman Chawdhury
SEBI Registration No.: IN/CRA/001/1999
CREDIT ANALYSIS AND RESEARCH LIMITED
3rd Floor, B-47, Inner Circle,
Connaught Place,
Near Plaza Cinema,
New Delhi 110 001
Tel: +91 11 45333220
Facsimile: +91 11 4533238
Email: jyotsna.gadgil@carerating.com
Investor Grievance E-mail Id: jyotsna.gadgil@carerating.
com
Website: www.careratings.com
Contact Person: Ms. Jyotsna Gadgil
SEBI Registration No.: IN/CRA/004/1999
INDIA RATINGS AND RESEARCH PRIVATE LIMITED
(formerly Fitch Ratings India Private Limited)
Wockhardt Towers,
4th Floor, West Wing,
Bandra Kurla Complex,
Bandra East,
Mumbai 400051
Tel: +91 22 4000 1700
Fascimile: +91 22 4000 1701
Email:rajesh.patel@indiaratings.co.in
Investor Grievance E-mail Id: investor.services@indiaratings.co.in
Contact Person: Rajesh Patel, Chief Operating Officer
SEBI Registration No.: IN/CRA/002/1999

ICRA LIMITED
Building No. 8, 2nd Floor, Tower A
DLF Cyber City, Phase II
Gurgaon122002
Tel: +91-124-4545300
Facsimile: +91-124-4050424
Email: vivek@icraindia.com
Investor Grievance E-mail Id: investors@icraindia.com
Website: www.icra.in
Contact Person: Mr. Vivek Mathur, Senior Group Vice-President
SEBI Registration No.: IN/CRA/003/1999
CONSORTIUM MEMBERS FOR MARKETING OF THE
ISSUE
In addition to the Lead Managers, following are also the Consortium Members for marketing of the Issue:
A. K. Stockmart Private Limited, Axis Capital Limited, Kotak
Securities Limited, SBICAP Securities Limited
For further details, please refer to section General Information on page 16 of Prospectus Tranche -1
TABLE OF CONTENTS
PAGE NO.
OBJECTS OF THE ISSUE
7
ISSUE PROCEDURE
7
TERMS OF PAYMENT
14
OTHER INSTRUCTIONS
25
DETAILS PERTAINING TO THE COMPANY
28
LEGAL AND OTHER INFORMATION
31
RISK FACTORS
34
DECLARATION
37
CENTERS FOR AVAILABILITY AND
38
ACCEPTANCE OF APPLICATION FORMS
LIST OF SELF CERTIFICED SYNDICATE
48
BANKS(SCSBS) UNDER THE ASBA
PROCESS

DISCLAIMER
Participation of any of the aforementioned categories of persons or entities is subject to the applicable statutory and/or regulatory
requirements in connection with the subscription to Indian securities by such categories of persons or entities.
Applicants are advised to ensure that Applications made by them do not exceed the investment limits or maximum number of
Bonds that can be held by them under applicable statutory and or regulatory provisions.
Applicants are advised to ensure that they have obtained the necessary statutory and/or regulatory permissions/consents/
approvals in connection with applying for, subscribing to, or seeking Allotment of Bonds pursuant to the Issue.
The Lead Managers and their respective associates and affiliates are permitted to subscribe in the Issue.
Applicants are advised to read the Shelf Prospectus and the relevant Tranche Prospectus filed with Registrar of Companies
and the general instructions contained in this application form carefully and to satisfy themselves of the disclosures before
making an application for subscription. Unless otherwise specified, all the terms used in this Application Form have the
same meaning as in the Prospectus. For a copy of the Prospectus, the applicant may request us and/or the Lead Managers.
Further investors are advised to retain the copy of the Prospectus/Abridged Prospectus for their future reference. Please
fill in the Form in English using BLOCK letters. Investors should carefully choose the Series of Bonds they wish to apply
for. For details, please refer to section Terms of the Issue on page 42 of the Prospectus Tranche -1.
6

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


DETAILS PERTAINING OF THE ISSUE
OBJECTS OF THE ISSUE
1. Issue Proceeds
The Company has been authorised vide CBDT Notification to
raise Tax Free Bonds aggregating upto ` 5,000 crores in one or
more tranche(s) in the Fiscal 2013. Out of the allocated limit
of ` 5,000 crores, our Company has raised Tax Free Bonds aggregating to `500 crores on private placement basis on November 21, 2012. Consequently, the Shelf Limit stands reduced to
` 4,500 crores. The funds raised through this Issue will be utilised towards general lending operations of the Company and
other associated business objectives and to discharge existing
debt obligations which were generally undertaken for business
operations.
The main objects clause of our Memorandum of Association
permits our Company to undertake its existing activities as well
as the activities for which the funds are being raised through this
Bond Issue.
In accordance with the SEBI Debt Regulations, our Company
will not utilise the proceeds of the Issue for providing loans to or
acquisition of shares of our Subsidiaries. Further, our Company
is a public sector enterprise and, as such, we do not have any
identifiable group companies or companies under the same
management.
The Issue proceeds shall not be utilised towards full or part consideration for the purchase or any acquisition, including by way
of a lease, of any property.
Further, REC undertakes that Issue proceeds from Bonds allotted to banks shall not be used for any purpose which may be in
contravention of the RBI guidelines on bank financing to NBFCs including those relating to classification as capital market
exposure or any other sectors that are prohibited under the RBI
regulations
2. Project Cost and Means of Financing
The proceeds of the Issue would be utilized towards lending in
the power sector and augmenting our resource base and not for
any specified project.
3. Interim use of Proceeds
The Board of Directors of the Company, in accordance with the
policies formulated by them from time to time, will have flexibility in deploying the proceeds received from the Issue. Pending utilisation of the proceeds out of the Issue for the purposes
described above, the Company intends to temporarily deploy
funds in the interest bearing liquid instruments including money
market mutual funds, deposits with banks or temporarily deploy
the funds in investment grade interest bearing securities till the
utilisation thereof for the purpose as aforesaid. Such investment
would be in accordance with the investment policies approved
by the Board or any committee thereof from time to time.
4. Monitoring of Utilization of Funds
In terms of the SEBI Debt Regulations, there is no requirement
for appointment of a monitoring agency in relation to the use
of proceeds of the Issue. Our Board of Directors shall monitor
the utilisation of the proceeds of the Issue. Our Company
will disclose in our financial statements for the relevant fiscal
commencing from Fiscal 2013, the utilization of the proceeds
of the Issue under a separate head along with any details in
relation to all such proceeds of the Issue that have not been

utilised thereby also indicating investments, if any, of such


unutilised proceeds of the Issue. We shall utilise the proceeds of
the Issue only upon the execution of the documents for creation
of security as stated in the Shelf Prospectus in the section titled
Terms of the Issue Security on page 50 of the Prospectus
Tranche - 1 and upon the listing of the Bonds.
ISSUE PROCEDURE
This section applies to all Applicants. ASBA Applicants should
note that the ASBA Application processes involve application
procedures which may be different from the procedures applicable to Applicants who apply for Bonds through any of the other
modes, and accordingly should carefully read the provisions
applicable to ASBA hereunder. Please note that all Applicants
are required to make payment of the full Application Amount
along with the Application Form. In case of ASBA Applicants,
an amount equivalent to the full Application Amount shall be
blocked by the Designated Branches of the SCSBs.
ASBA Applicants should note that they may submit their ASBA
Applications to the Members of the Syndicate or Trading Members of the Stock Exchanges only in the Specified Cities or directly to the Designated Branches of the SCSBs. Applicants other
than direct ASBA Applicants are required to submit their Applications to the Members of the Syndicate or Trading Members of
the Stock Exchanges at the centres mentioned in the Application
Form. For further information, please refer to Submission of
Completed Application Forms on page 68 of the Prospectus
Tranche - 1.
The information below is given for the benefit of the investors.
Our Company and the Lead Managers shall not be liable for any
amendment or modification or changes in applicable laws or regulations, which may occur after the date of the Shelf Prospectus.
PLEASE NOTE THAT ALL TRADING MEMBERS OF THE
STOCK EXCHANGE(S) WHO WISH TO
COLLECT AND UPLOAD APPLICATION IN THIS ISSUE
ON THE ELECTRONIC APPLICATION PLATFORM PROVIDED BY THE STOCK EXCHANGES WILL NEED TO APPROACH THE RESPECTIVE STOCK EXCHANGE(S) AND
FOLLOW THE REQUISITE PROCEDURES AS MAY BE
PRESCRIBED BY THE RELEVANT STOCK EXCHANGE.
THE LEAD MANAGERS, THE MEMBERS OF THE SYNDICATE AND THE COMPANY SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY ERRORS OR OMISSIONS
ON THE PART OF THE TRADING MEMBERS IN CONNECTION WITH THE RESPONSIBILITY OF SUCH TRADING MEMBERS IN RELATION TO COLLECTION AND
UPLOAD OF APPLICATIONS IN THIS ISSUE ON THE
ELECTRONIC APPLICATION PLATFORM PROVIDED BY
THE STOCK EXCHANGES. FURTHER, THE RELEVANT
STOCK EXCHANGE SHALL BE RESPONSIBLE FOR ADDRESSING INVESTOR GRIEVANCES ARISING FROM
APPLICATIONS THROUGH TRADING MEMBERS REGISTERED WITH SUCH STOCK EXCHANGE.
Please note that for the purposes of this section, the term Working Dayshall mean all days excluding Sundays or a public holiday in India or at any other payment centre notified in terms of
the Negotiable Instruments Act, 1881, except with reference to
Issue Period, Interest Payment Date and Record Date, where
working days shall mean all days, excluding Saturdays, Sundays
and public holiday in India or at any other payment centre notified in terms of the Negotiable Instruments Act, 1881

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Procedure for Application
5. Availability of Shelf Prospectus, Prospectus Tranche - 1
and Application Forms
Please note that there is a single Application Form for ASBA
as well as non ASBA Applicants.
Physical copies of the Abridged Prospectus containing the salient features of the Shelf Prospectus and Prospectus Tranche - 1
together with Application Forms may be obtained from:
(a) Companys Registered and Corporate Office;
(b) Offices of the Lead Managers;
(c) Offices of the Consortium Members;
(d) Offices of the Trading Members of the Stock Exchanges;
and
(e) Designated Branches of the SCSBs.
Electronic Application Forms will be available on the websites of the Stock Exchanges and on the websites of the SCSBs
that permit submission of ASBA Applications electronically. A
unique application number will be generated for every Application Form downloaded from the websites. Our Company may
also provide Application Forms for being downloaded and filled
at such websites as it may deem fit. In addition, online demat
account portals may also provide the facility of submitting the
Application Forms online to their account holders.
Physical copies of the Shelf Prospectus and Prospectus Tranche
- 1 can be obtained from our Companys Registered and Corporate Office, as well as offices of the Lead Managers. Electronic
copies of the Shelf Prospectus and Prospectus Tranche -1 shall
be available on the website of the Lead Managers, the Stock
Exchanges, SEBI and the SCSBs.
Copies of the Shelf Prospectus, Prospectus Tranche - 1 and Application Form shall, on a request being made by any Applicant
before the Issue Closing Date, be furnished to such Applicant at
our Companys Registered and Corporate Office.
6. Who are eligible to apply for Bonds?
The following categories of persons are eligible to apply in the
Issue:
Category I : Qualified Institutional Buyer (QIBs)*
Mutual Fund
Alternative Investment Funds eligible to invest under the
SEBI (Alternative Investment Funds) Regulations, 2012;
Public Financial Institutions as defined in section 4A of the
Companies Act, 1956;
Scheduled Commercial Banks;
Multilateral and Bilateral Development Financial Institutions;
State Industrial Development Corporations;
Insurance Companies registered with the Insurance Regulatory and Development
Authority;
Provident Funds with minimum corpus of ` 25 crores;
Pension Funds with minimum corpus of ` 25 crores;
National Investment Fund set up by resolution no. F. No.
2/3/2005-DDII dated November 23, 2005 of the Government
of India published in the Gazette of India;
Insurance Funds set up and managed by army, navy or air
force of the Union of India;
8

Insurance Funds set up and managed by the Department of


Posts, India.
Category II : Non Institutional Investors (NIIs)*
Companies and Bodies Corporate registered under the applicable laws in India, and authorised to invest in the Bonds.
Category III : High Networth Individuals (HNIs)
Resident Indian individuals who apply for Bonds aggregating to a value more than ` 10 lacs (` 0.1 crore), across all
Series of Bonds in this Tranche - 1 Issue;
Hindu Undivided Families through the Karta who apply
for Bonds aggregating to a value more than ` 10 lacs
(` 0.1 crore), across all Series of Bonds in this Tranche - 1
Issue.
Category IV : Retail Individual Investor (RIIs)
Resident Indian individuals who apply for Bonds aggregating upto and including ` 10 lacs (` 0.1 crore), across all
Series of Bonds in this Tranche - 1 Issue;
Hindu Undivided Families through the Karta who apply
for Bonds aggregating upto and including ` 10 lacs ( ` 0.1
crore), across all Series of Bonds in this Tranche - 1 Issue.
* Companies may refer to Section 372A of the Companies Act,
1956 before investing in the Issue
Participation of any of the aforementioned categories of persons
or entities is subject to the applicable statutory and/or regulatory
requirements in connection with the subscription to Indian securities by such categories of persons or entities.
Applicants are advised to ensure that Applications made by
them do not exceed the investment limits or maximum number
of Bonds that can be held by them under applicable statutory
and or regulatory provisions.
Applicants are advised to ensure that they have obtained the
necessary statutory and/or regulatory permissions/consents/
approvals in connection with applying for, subscribing to, or
seeking Allotment of Bonds pursuant to the Issue.
The Lead Managers and their respective associates and affiliates
are permitted to subscribe in the Issue.
7. Who are not eligible to apply for Bonds?
The following categories of persons, and entities, shall not be
eligible to participate in the Issue and any Applications from
such persons and entities are liable to be rejected:
(a) Minors without a guardian name;
(b) Foreign nationals;
(c) Non-Resident Indians;
(d) Persons resident outside India;
(e) Venture Capital Fund and Foreign Venture Capital Investor;
(f) Foreign Institutional Investors, Qualified Foreign Investors;
(g) Overseas Corporate Bodies;
(h) Person ineligible to contract under applicable statutory/
regulatory requirements;
(i) Any other category of investor not mentioned in Category I,
II, III and IV above.
Based on the information provided by the Depositories, the
Company shall have the right to accept Applications belonging
to an account for the benefit of a minor (under guardianship).
In case of Applications for Allotment of Bonds in dematerialised
form, the Registrar to the Issue shall verify the above on the basis
of the records provided by the Depositories based on the DP ID
and Client ID provided by the Applicants in the Application Form

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


and uploaded onto the electronic system of the Stock Exchanges.
8. Modes of Making Applications
Applicants may use any of the following facilities for making
Applications:
(a) ASBA Applications, for bonds only in dematerialised form,
through the Members of the Syndicate or the Trading Members of the Stock Exchanges only in the Specified Cities
(Mumbai, Chennai, Kolkata, Delhi, Ahmedabad, Rajkot,
Jaipur, Bengaluru, Hyderabad, Pune, Vadodara and Surat)
(Syndicate ASBA). For further details please refer to
Submission of Completed Application Forms -Submission of ASBA Applications on page 68 of the Prospectus
Tranche -1;
(b) ASBA Applications, for bonds only in dematerialised form,
through the Designated Branches of the SCSBs. For further
details please refer to Submission of Completed Application Forms - Submission of ASBA Applications on page
68 of the Prospectus Tranche -1; and
(c) Non-ASBA Applications for bonds applied in physical and
dematerialised form through Members of the Syndicate or
the Trading Members of the Stock Exchanges at the centres
mentioned in Application Form. For further details please
refer to Submission of Completed Application Forms Submission of Non-ASBA Applications on page 68 of the
Prospectus Tranche -1.
Applications by certain categories of Applicants
Details for Applications by certain categories of Applicants including documents to be submitted are summarised below.
9. Applications by Mutual Funds
A mutual fund scheme cannot invest more than 15.00% of its
NAV in debt instruments issued by a single companywhich are
rated not below investment grade by a credit rating agency authorised to carry out such activity. Such investment limit may
be extended to 20.00% of the NAV of the scheme with the prior
approval of the board of trustees and the board of asset management company.
A separate Application can be made in respect of each scheme of
an Indian mutual fund registered with SEBI and such Applications shall not be treated as multiple Applications. Applications
made by the AMCs or custodians of a Mutual Fund shall clearly
indicate the name of the concerned scheme for which the Application is being made. An Applications Forms by a mutual fund
registered with SEBI for Allotment of the Bonds must be also
accompanied by certified true copies of (i) its SEBI registration
certificates (ii) the trust deed in respect of such mutual fund (ii)
a resolution authorising investment and containing operating instructions and (iii) specimen signatures of authorised signatories.
Failing this, our Company reserves the right to accept or reject
any Application from a Mutual Fund for Allotment of the Bonds
in whole or in part, in either case, without assigning any reason
therefore.
10. Application by Alternative Investments Funds
Application made by Alternative Investments Funds eligible
to invest in accordance with the Alternative Investment Funds
Regulations, 2012, for Allotment of the Bonds must be accompanied by certified true copies of:(i) SEBI Registration Certificate;(ii) a resolution authorising investment and containing operating instructions; and (iii) specimen signatures of authorised
persons. Failing this, our Company reserves the right to accept
or reject any Applications for Allotment of the Bonds in whole

or in part, in either case, without assigning any reason thereof. The Alternative Investment Funds shall at all time comply
with the conditions for categories as per the SEBI Registration
Certificate and the relevant SEBI notifications.
11. Application by Scheduled Commercial Banks
Scheduled Commercial Banks can apply in this Issue based
upon their own investment limits and approvals. Applications by
them for Allotment of the Bonds must be accompanied by certified true copies of(i) Memorandum and Articles of Association/
charter of constitution; (ii) power of attorney; (iii) resolution authorising investment and containing operating instructions; (iv)
specimen signatures of authorised signatories; (v) board resolution authorising investment; and (vi) PAN card. Failing this, our
Company reserves the right to accept or reject any Application
for Allotment of the Bondsin whole or in part, in either case,
without assigning any reason thereof.
12. Application by Insurance Companies
In case of Applications for Allotment of the Bonds made by Insurance Companies, a certified copy of its certificate of registration issued by IRDA must be lodged along with Application
Form. The Applications must be accompanied by certified copies
of (i) Memorandum and Articles of Association; (ii) power of
attorney; (iii) a resolution authorising investment and containing
operating instructions; and (iv) specimen signatures of authorised signatories. Failing this, our Company reserves the right to
accept or reject any Application for Allotment of the Bonds in
whole or in part, in either case, without assigning any reason
thereof.
13. Applications by Public Financial Institutions as defined in Section 4A of the Companies Act, which are
authorised to invest in the Bonds
Applications by Public Financial Institutions for Allotment of
the Bonds must be accompanied by certified true copies of: (i)
any Act/rules under which such Applicant is incorporated; (ii) a
resolution of the board of directors of such Applicant authorising
investments; and (iii) specimen signature of authorised persons
of such Applicant. Failing this, our Company reserves the right
to accept or reject any Applications for Allotment of the Bonds
in whole or in part, in either case, without assigning any reason
thereof.
14. Applications made by companies and bodies corporate
under the applicable provisions of the Companies Act
Applications made by companies and bodies corporate for Allotment of the Bonds must be accompanied by certified true copies
of: (i) any Act/rules under which such Applicant is incorporated;
(ii) a resolution of the board of directors of such Applicant authorising investments; and (iii) specimen signature of authorised
persons of such Applicant. Failing this, our Company reserves
the right to accept or reject any Applications for Allotment of the
Bonds in whole or in part, in either case, without assigning any
reason thereof.
15. Applications by provident funds and pension funds
which are authorised to invest in the Bonds
Applications by provident funds and pension funds which are
authorised to invest in the Bonds, for Allotment of the Bonds
must be accompanied by certified true copies of: (i) any Act/
rules under which they are incorporated; (ii) a power of attorney, if any, in favour of one or more trustees thereof, (iii)
a board resolution authorising investments; (iii) such other
documents evidencing registration thereof under applicable

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


statutory/regulatory requirements; (iv) specimen signature
of authorised person; (v) a certified copy of the registered
instrument for creation of such fund/trust; and (vi) any tax
exemption certificate issued by Income Tax authorities. Failing this, our Company reserves the right to accept or reject any
Applications for Allotment of the Bonds in whole or in part, in
either case, without assigning any reason thereof.
16. Applications by National Investment Funds
Application made by a National Invest Fund for Allotment of
the Bonds must be accompanied by certified true copies of: (i)
a resolution authorising investment and containing operating
instructions; and (ii) specimen signatures of authorised persons.
Failing this, our Company reserves the right to accept or reject
any Applications for Allotment of the Bonds in whole or in part,
in either case, without assigning any reason thereof.
Instructions for filling-up the Application Form
General Instructions
17. General instructions for completing the Application
Form
Applications must be made in prescribed Application Form
only;
Application Forms must be completed in block letters in
English. Applicants should note that the Members of the
Syndicate or Trading Members of the Stock Exchanges
or Escrow Collection Banks or Designated Branches, as
the case may be, shall not be liable for error in data entry
due to incomplete or illegible Application Forms;
Applications should be in single or joint names (not exceeding three names). In case of Applications in joint
names for Allotment of Bonds in dematerialised form, the
names should be in the same Order as appearing in the
records of the Depository Participant.
Applications should be made by Karta in case of HUFs;
Thumb impressions and signatures other than in English/
Hindi/Gujarati/Marathi or any other languages specified
in the 8th Schedule of the Constitution needs to be attested
by a Magistrate or Notary Public or a Special Executive
Magistrate under his/her seal;
No separate receipts will be issued for the money payable on the submission of the Application Form. However, Members of the Syndicate or Trading Members of
the Stock Exchanges or the Designated Branches of the
SCSBs, as the case may be, will acknowledge the receipt
of the Application Forms by stamping and returning to the
Applicants the acknowledgement slip. This acknowledgement slip will serve as the duplicate of the Application
Form for the records of the Applicant.
Every Applicant should hold valid Permanent Account Number (PAN) and mention the same in the Application Form.
All Applicants are required to tick the relevant column of
Category of Investor in the Application Form.
All Applicants are required to tick the relevant box of the
Mode of Application in the Application Form choosing
either ASBA or Non-ASBA mechanism.
ASBA Applicants should correctly mention the ASBA Account number and ensure that funds equal to the Application Amount are available in the ASBA Account before
submitting the Application Form to the Designated Branch;
10

otherwise the Application is liable to be rejected.


All Applicants may apply for one or more option/ series of
Bonds in a single Application Form only.
Our Company would allot Tranche - 1 Series 2 Bonds
to all valid Applications, wherein the Applicants have
not indicated their choice of Series of Bonds in their
Application(s).
18. Applicants Depository Account and Bank Account
Details
Applicants applying for Bonds to be allotted in dematerialised form are advised to note that on the basis of the DP ID
and Client ID provided by them in the Application Form and
entered into the electronic system of the Stock Exchanges, the
Registrar to the Issue will obtain from the Depositories the Demographic Details of the Applicant including PAN, address,
bank account details for printing on refund Orders/sending
refunds through electronic mode, MICR Code and occupation. These Demographic Details would be used for giving
Allotment Advice and refunds (including through physical refund warrants, direct credit, ECS, NEFT and RTGS), if any, to
the Applicants. Hence, Applicants are advised to immediately
update their Demographic Details (including bank account
details) as appearing on the records of the Depository Participant and ensure that they are true and correct. Please note
that failure to do so could result in delays in dispatch/credit
of refunds to Applicants and delivery of Allotment Advice at
the Applicants sole risk, and neither our Company, the Members of the Syndicate and Trading Members of the Stock Exchanges, Escrow Collection Banks, SCSBs, Registrar to the
Issue nor the Stock Exchanges shall have any responsibility
and undertake any liability for the same. Hence, Applicants
should carefully fill in their Depository Account details in the
Application Form.
Applicants may note that in case the DP ID, Client ID and
PAN mentioned in the Application Form and entered into the
electronic system of the Stock Exchanges do not match with
the DP ID, Client ID and PAN available in the Depository
database or in case PAN is not available in the Depository
database, the Application Form is liable to be rejected.
The Demographic Details would be used for correspondence
with the Applicants including mailing of the Allotment Advice and printing of bank particulars on the refund Orders, or
for refunds through electronic transfer of funds, as applicable.
Allotment Advice and physical refund Orders (as applicable)
would be mailed at the address of the Applicant as per the
Demographic Details received from the Depositories. Applicants may note that delivery of refund Orders/Allotment
Advice may get delayed if the same once sent to the address
obtained from the Depositories are returned undelivered.
In such an event, the address and other details given by the
Applicant (other than ASBA Applicants) in the Application
Form would be used only to ensure dispatch of refund Orders.
Please note that any such delay shall be at such Applicants
sole risk and neither our Company, the Members of the Syndicate or Trading Members of the Stock Exchanges, Escrow
Collection Banks, SCSBs, Registrar to the Issue nor the Stock
Exchanges shall be liable to compensate the Applicant for any
losses caused to the Applicant due to any such delay or liable
to pay any interest for such delay. In case of refunds through
electronic modes as detailed in the Prospectus Tranche - 1, refunds may be delayed if bank particulars obtained from the

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Depository Participant are incorrect.
In case of Applications made under power of attorney, our
Company in its absolute discretion, reserves the right to permit the holder of Power of Attorney to request the Registrar that for the purpose of printing particulars on the refund
Order and mailing of refund Orders/Allotment Advice, the
demographic details obtained from the Depository of the Applicant shall be used.
By signing the Application Form, the Applicant would have
deemed to have authorised the Depositories to provide, upon
request, to the Registrar to the Issue, the required Demographic Details as available on its records. The Demographic
Details given by Applicant in the Application Form would not
be used for any other purpose by the Registrar to the Issue except in relation to the Issue.
With effect from August 16, 2010, the beneficiary accounts
of Applicants for whom PAN details have not been verified
shall be suspended for credit and no credit of Bonds pursuant to the Issue will be made into the accounts of such
Applicants. Application Forms submitted by Applicants
whose beneficiary accounts are inactive shall be rejected.
Furthermore, in case no corresponding record is available with
the Depositories, which matches the three parameters, namely,
DP ID, Client ID and PAN, then such Application are liable to
be rejected.
19. Permanent Account Number (PAN)
The Applicant or in the case of Applications made in
joint names, the first Applicant, should mention his or
her Permanent Account Number (PAN) allotted under the
IT Act. For minor applicants, applying through the guardian, it is
mandatory to mention the PAN of the minor applicant. However,
Applications on behalf of the Central or State Government officials and the officials appointed by the courts in terms of a
SEBI circular dated June 30, 2008 and Applicants residing in
the state of Sikkim who in terms of a SEBI circular dated July
20, 2006 may be exempt from specifying their PAN for transacting in the securities market. In accordance with Circular No.
MRD/DOP/Cir-05/2007 dated April 27, 2007 issued by
SEBI, the PAN would be the sole identification number
for the participants transacting in the securities market,
irrespective of the amount of transaction. Any Application Form, without the PAN is liable to be rejected,
irrespective of the amount of transaction. It is to be
specifically noted that the Applicants should not submit
the GIR number instead of the PAN as the Application is
liable to be rejected on this ground.
However, the exemption for the Central or State Government
and the officials appointed by the courts and for investors residing in the State of Sikkim is subject to the Depository Participants verifying the veracity of such claims by collecting
sufficient documentary evidence in support of their claims. At
the time of ascertaining the validity of these Applications, the
Registrar to the Issue will check under the Depository records
for the appropriate description under the PAN field i.e. either
Sikkim category or exempt category.
20. Joint Applications
Applications can be in single or joint names (not exceeding
three names). In case of Applications in joint names for Allotment of Bonds, the names should be in the same Order as the appearing in the records of the Depository Participant. In the case

of joint Applications, all payments will be made out in favour of


the first Applicant. All communications will be addressed to the
first Applicant.
21. Additional/Multiple Applications
An Applicant can make one or more Applications for the Bonds
for the same or other Series of Bonds, subject to a minimum
application size of ` 5,000 (5 Bonds). Any Application for an
amount below the aforesaid minimum application size will be
deemed as an invalid application and shall be rejected. However, multiple Applications by the same individual Applicant
aggregating to a value exceeding ` 10 lacs (` 0.1 crore) shall
construe such individual Applicant to fall under HNI Portion,
and all such Applications shall be grouped in the HNI Portion,
for the purpose of determining the basis of allotment to such
Applicant. However, any Application made by any person in his
individual capacity and an Application made by such person in
his capacity as a Karta of a Hindu Undivided Family and/or as
applicant (second or third applicant), shall not be deemed to be
a multiple Application.
For the purposes of allotment of Bonds under the Issue, Applications shall be grouped based on the PAN, i.e. Applications under
the same PAN shall be grouped together and treated as one Application. Two or more Applications will be deemed to be multiple Applications if the sole or first applicant is one and the same.
For the sake of clarity, two or more applications shall be deemed
to be a multiple Application for the aforesaid purpose if the PAN
number of the sole or the first applicant is one and the same.
22. Applications under Power of Attorney
In case of Investments made pursuant to a power of attorney by
Qualified Institutional Buyers, a certified copy of the power of
attorney or the relevant resolution or authority, as the case may
be, along with a certified copy of the memorandum of association and articles of association and/or bye laws and/or charter
documents, as applicable, must be lodged along with the Application Form..
In case of Applications made pursuant to a power of attorney
or by limited companies, bodies corporate under the applicable provisions of the Companies Act, a certified copy of the
power of attorney or the relevant resolution or authority, as
the case may be, along with a certified copy of the Memorandum of Association and Articles of Association and/or bye
laws must be lodged along with the Application Form, failing
this, our Company reserves the right to accept or reject any
Application in whole or in part, in either case, without assigning any reason thereof,
In case of Investments made pursuant to a power of attorney
by High Networth Individuals and Retail Individual Investors,
a certified copy of the power of attorney must be lodged along
with the Application Form.
Brokers having online demat account portals may also provide
a facility of submitting the Application Forms (ASBA as well as
Non-ASBA Applications) virtually online to their account holders. Under this facility, a broker receives an online instruction
through its portal from the Applicant for making an Application
on his/her behalf. Based on such instruction, and a Power of
Attorney granted by the Applicant to authorise the broker, the
broker makes an Application on behalf of the Applicant.
In case of physical ASBA Applications made pursuant to a power
of attorney, a certified copy of the power of attorney must be
lodged along with the Application Form. Failing this, our Com-

RURAL ELECTRIFICATION CORPORATION LIMITED

11

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


pany, in consultation with the Lead Manager, reserves the right
to reject such Applications.
Our Company, in its absolute discretion, reserves the right to relax the above condition of attaching the power of attorney along
with the Application Forms subject to such terms and conditions
that our Company and the Lead Managers may deem fit.
DOS AND DONTS
Applicants are advised to take note of the following while filling
and submitting the Application Form:
23. Dos
1. Check if you are eligible to apply as per the terms of the
Shelf Prospectus and Prospectus Tranche - 1 and applicable
laws;
2. Read all the instructions carefully and complete the Application Form in the prescribed form;
3. If the Allotment of the Bonds is sought in dematerialised
form, ensure that the details about Depository Participant
and beneficiary account are correct and the beneficiary account is active;
4. Ensure that the Application Forms are submitted at the
collection centres provided in the Application Forms,
bearing the stamp of a Members of the Syndicate or
Trading Member of the Stock Exchanges, as the case
may be, for Applications other than ASBA Applications.
5. Ensure that you have been given a TRS and an acknowledgement as proof of having accepted the Application
Form;
6. In case of revision of Application during the Issue Period,
ensure that you have first withdrawn your original Application and submit a fresh Application ;
7. Ensure that signatures other than in the languages specified in the Eighth Schedule to the Constitution of India is
attested by a Magistrate or a Notary Public or a Special
Executive Magistrate under official seal;
8. Ensure that the DP ID, the Client ID and the PAN mentioned in the Application Form, for applicants applying
in demat mode, which shall be entered into the electronic
system of the Stock Exchanges, match with the DP ID,
Client ID and PAN available in the Depository database;
9. In case of an HUF applying through its Karta, the Applicant
is required to specify the name of an Applicant in the Application Form as XYZ Hindu Undivided Family applying
through PQR, where PQR is the name of the Karta;
10. Ensure that the Applications are submitted to the Members of the Syndicate or Trading Members of the Stock
Exchanges or Designated Branches of the SCSBs, as the
case may be, before the closure of application hours on the
Issue Closing Date. For further information on the Issue
programme, please refer to General Information Issue
Programme on page 23 of the Prospectus Tranche -1 .
11. Ensure that the Application Forms (for non-ASBA Applicants) are submitted at the collection centres provided
in the Application Forms, bearing the stamp of a Member
of the Syndicate or a Trading Member of the Stock Exchange, as the case may be;
12. Ensure that the Demographic Details including PAN are
updated, true and correct in all respects;
13. Ensure that you have obtained all necessary approvals
12

from the relevant statutory and/or regulatory authorities


to apply for, subscribe to and/or seek allotment of Bonds
pursuant to the Issue;
14. Permanent Account Number: Except for Application (i)
on behalf of the Central or State Government and officials
appointed by the courts, and (ii) (subject to SEBI circular dated April 3, 2008) from the residents of the state of
Sikkim, each of the Applicants should provide their PAN.
Application Forms in which the PAN is not provided will
be rejected. The exemption for the Central or State Government and officials appointed by the courts and for investors residing in the State of Sikkim is subject to (a)
the demographic details received from the respective depositories confirming the exemption granted to the beneficiary owner by a suitable description in the PAN field
and the beneficiary account remaining in active status;
and (b) in the case of residents of Sikkim, the address as
per the demographic details evidencing the same. In case
of application for bonds in physical mode, the Applicants
should submit a self-certified copy of their PAN Card as
part of the KYC documents.
15. Joint Applications: Applications can be in single or joint
names (not exceeding three names). In case of Applications in joint names for Allotment of Bonds, the names
should be in the same Order as the appearing in the records of the Depository Participant. In the case of joint
Applications, all refunds/interests/redemption amounts
will be made out in favour of the first Applicant. All communications will be addressed to the first named Applicant.
16. Applicants (other than ASBA applicants) are requested to
write their names and Application serial number on the reverse of the instruments by which the payments are made;
17. Ensure that the Demographic Details (for Applications
for the Bonds in dematerialised mode) as provided in the
Application Form are updated, true and correct in all respects;
18. All Applicants are requested to tick the relevant column
Category of Investor in the Application Form; and
19. Tick the Series of Bonds in the Application Form that you
wish to apply for.
24. Donts:
1. Do not apply for lower than the minimum application size;
2. Do not pay the Application Amount in cash, by money
Order or by postal Order or by stock invest;
3. Do not send Application Forms by post; instead submit
the same to the Members of the Syndicate or Trading Members of the Stock Exchanges or Designated
Branches of the SCSBs, as the case may be;
4. Do not fill up the Application Form such that the Bonds
applied for exceeds the Issue size and/or investment limit
or maximum number of Bonds that can be held under the
applicable laws or regulations or maximum amount permissible under the applicable regulations;
5. Do not submit the GIR number instead of the PAN as the
Application is liable to be rejected on this ground;
6. Do not submit incorrect details of the DP ID, Client ID
and PAN or provide details for a beneficiary account
which is suspended or for which details cannot be verified

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


by the Registrar to the Issue;
7. Do not submit the Application Forms without the full Application Amount;
8. Do not submit Applications on plain paper or on incomplete or illegible Application Forms;
9. Do not apply if you are not competent to contract under
the Indian Contract Act, 1872;
10. Do not submit an Application in case you are not eligible
to acquire Bonds under applicable law or your relevant
constitutional documents or otherwise;
11. Do not submit an Application that does not comply with
the securities law of your respective jurisdiction;
12. Do not apply if you are a person ineligible to apply for
Bonds under the Issue
13. Applicants, other than ASBA Applicants, should not submit the Application Form directly to the Escrow Collection Banks/Bankers to the Issue, and the same will be rejected in such cases.
Additional Instructions Specific to ASBA Applicants
25. Dos:
1. Read all the instructions carefully and complete the Application Form;
2. Ensure that you tick the ASBA option in the Application
Form and give the correct details of your ASBA Account
including bank account number/ bank name and branch;
3. Ensure that your Application Form is submitted either
at a Designated Branch of a SCSB where the ASBA
Account is maintained or with the Members of the Syndicate or Trading Members of the Stock Exchanges at
the Specified Cities, and not directly to the Escrow
Collecting Banks (assuming that such bank is not a
SCSB) or to our Company or the Registrar to the Issue;
4. Before submitting the physical Application Form with
the Member of the Syndicate at the Syndicate ASBA Application Locations ensure that the SCSB, whose name
has been filled in the Application Form, has named a
branch in that centre
5. In case of ASBA Applications through Syndicate ASBA,
before submitting the physical Application Form to the
Members of the Syndicate orTrading Members of the
Stock Exchanges, ensure that the SCSB where the ASBA
Account, as specified in the ASBA Form, is maintained
has named at-least one branch in that Specified City for
the Members of the Syndicate orTrading Members of the
Stock Exchanges, as the case may be, to deposit ASBA
Forms (A list of such branches is available at http://www.
sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries);
6. Ensure that the Application Form is signed by the ASBA
Account holder in case the ASBA Applicant is not the account holder;
7. Ensure that you have funds equal to the Application
Amount in the ASBA Account before submitting the Application Form;
8. Ensure that you have correctly ticked, provided or
checked the authorisation box in the Application Form,
or have otherwise provided an authorisation to the SCSB

via the electronic mode, for blocking funds in the ASBA


Account equivalent to the Application Amount mentioned
in the Application Form; and
9. Ensure that you receive an acknowledgement from the
Designated Branch or the concerned Members of the Syndicate or Trading Members of the Stock Exchanges, as
the case may be, for the submission of the Application
Form.
26. Donts:
1. Payment of Application Amount in any mode other than
through blocking of Application Amount in the ASBA Accounts shall not be accepted under the ASBA process;
2. Do not submit the Application Form to the Members
of the Syndicate orTrading Members of the Stock Exchanges, as the case may be, at a location other than the
Specified Cities.
3. Do not send your physical Application Form by post.
Instead submit the same to a Designated Branch or the
Members of the Syndicate, SCSBs or Trading Members
of the Stock Exchanges, as the case may be, at the Specified Cities; and
4. Do not submit more than five Application Forms per
ASBA Account.
Kindly note that ASBA Applications submitted to the
Members of the Syndicate or Trading Members of the
Stock Exchanges at the Specified Cities will not be accepted if the SCSB where the ASBA Account, as specified in the
Application Form, is maintained has not named at least
one branch at that Specified City for the Members of the
Syndicate or Trading Members of the Stock Exchanges, as
the case may be, to deposit such Application Forms.
Please refer to Rejection of Applications on page 74 of
the Prospectus Tranche - 1 for information on rejection of
Applications.
Additional instructions specific for applicants seeking
allotment of the bonds in physical
27. Any Applicant who wishes to subscribe to the Bonds in
physical form shall undertake the following steps:
Please complete the Application Form in all respects, by
providing all the information including PAN and Demographic Details. However, do not provide the Depository
Participant details in the Application Form. The requirement for providing Depository Participant details shall be
mandatory only for the Applicants who wish to subscribe to
the Bonds in dematerialised form.
Please provide the following documents along with the Application Form:
a. Self-attested copy of the PAN card;
b. Self-attested copy of your proof of residence. Any of
the following documents shall be considered as a verifiable proof of residence:
ration cardissued by the GoI;or
valid driving license issued by any transport authority of the Republic of India; or
electricity bill (not older than three months); or
landline telephone bill (not older than three
months); or

RURAL ELECTRIFICATION CORPORATION LIMITED

13

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS




valid passport issued by the GoI; or


voters identity card issued by the GoI; or
passbook or latest bank statement issued by a bank
operating in India; or
registered leave and license agreement or agreement for sale or rent agreement or flat maintenance bill; or
Aadhaar Letter issued by Unique Identification
Authority of India (UIDAI).
Self-attested copy of a cancelled cheque of the bank account
to which the amounts pertaining to payment of refunds, interest and redemption, as applicable, should be credited.
In absence of the cancelled cheque, our Company may reject the
Application or it may consider the bank details as given on the
Application Form at its sole discretion. In such case the Company, Lead Managers and Registrar shall not be liable for any
delays/ errors in payment of refund and/ or interest.
The Applicant shall be responsible for providing the above in
formation accurately. Delays or failure in credit of the payments
due to inaccurate details shall be at the sole risk of the Applicants
and neither the Lead Managers nor our Company shall have any
responsibility and undertake any liability for the same. Applications for Allotment of the Bonds in physical form, which are not
accompanied with the abovestated documents, may be rejected
at the sole discretion of our Company.
In relation to the issuance ofthe Bonds in physical form, please
note the following:
1. An Applicant has the option to seek Allotment of Bonds
in either dematerialised or physical mode. No partial Application for the Bonds shall be permitted and is liable to
be rejected.
2. In case of Bonds that are being issued in physical form,
our Company will issue one certificate to the holders of
the Bonds for the aggregate amount of the Bonds for each
of the Series of Bonds that are applied for (each such certificate a Consolidated Bond Certificate).
3. Any Applicant who provides the Depository Participant details in theApplication Form shall be Allotted
the Bonds in dematerialised form only. Such Applicant
shall not be Allotted the Bonds in physical form.
4. Our Company shall dispatch the Consolidated Bond Certificate to the address of the Applicant provided in the Application Form.
All terms and conditions disclosed in relation to the Bonds held
in physical form pursuant to rematerialisation shall be applicable mutatis mutandis to the Bonds issued in physical form.
Terms of Payment
The entire issue price for the Bonds is payable on Application only. In case of ASBA Applicants, an amount equivalent to the full Application Amount will be blocked by the
Designated Branches of the SCSBs. In case of Allotment of
lesser number of Bonds than the number applied, our Company shall refund the excess amount paid on Application to
the Applicant.
28. Payment mechanism for ASBA Applicants
The ASBA Applicants shall specify the ASBA Account number
in the Application Form.
14

For ASBA Applications submitted to the Members of the Syndicate or Trading Members of the Stock Exchanges at the
Specified Cities, the ASBA Application will be uploaded onto
the electronic system of the Stock Exchanges and deposited with
the relevant branch of the SCSB at the Specified City named
by such SCSB to accept such ASBA Applications from the
Members of the Syndicate or Trading Members of the Stock
Exchanges, as the case may be (A list of such branches is
available at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/
Recognised-Intermediaries ). The relevant branch of the SCSB
shall perform verification procedures and block an amount in
the ASBA Account equal to the Application Amount specified in
the ASBA Application.
For ASBA Applications submitted directly to the SCSBs, the
relevant SCSB shall block an amount in the ASBA Account
equal to the Application Amount specified in the ASBA Application, before entering the ASBA Application into the electronic
system. SCSBs may provide the electronic mode of application
either through an internet enabled application and banking facility or such other secured, electronically enabled mechanism for
application and blocking of funds in the ASBA Account.
ASBA Applicants should ensure that they have funds equal
to the Application Amount in the ASBA Account before submitting the ASBA Application to the Members of the Syndicate or Trading Members of the Stock Exchanges, as the
case may be, at the Specified Cities or to the Designated
Branches of the SCSBs. An ASBA Application where the
corresponding ASBA Account does not have sufficient funds
equal to the Application Amount at the time of blocking the
ASBA Account is liable to be rejected.
The Application Amount shall remain blocked in the ASBA Account until approval of the Basis of Allotment and consequent
transfer of the amount against the Allotted Bonds to the Public Issue Account(s), or until withdrawal/failure of the Issue or
until withdrawal/rejection of the Application Form, as the case
may be. Once the Basis of Allotment is approved, the Registrar
to the Issue shall send an appropriate request to the controlling
branch of the SCSB for unblocking the relevant ASBA Accounts
and for transferring the amount pertaining to Bonds allocated to
the successful ASBA Applicants to the Public Issue Account(s).
In case of withdrawal/ failure of the Issue, the blocked amount
shall be unblocked on receipt of such information from the Registrar to the Issue.
29. Escrow Mechanism for Applicants other than ASBA
Applicants
Our Company shall open an Escrow Account with each of the
Escrow Collection Bank(s) in whose favour the Applicants (other than ASBA Applicants) shall make out the cheque or demand
draft in respect of his or her Application. Cheques or demand
drafts received for the full Application Amount from Applicants in a certain category would be deposited in the Escrow
Account(s). All cheques/bank drafts accompanying the Application should be crossed A/c Payee only must be made
payable to REC Tax Free Bond 2012-13 Escrow Account
Tranche I.
The Escrow Collection Bank(s) shall transfer the funds from
the Escrow Account into the Public Issue Account(s), as per
the terms of the Escrow Agreement and the Shelf Prospectus
and Prospectus Tranche - 1.
The Escrow Collection Banks will act in terms of the Prospectus

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Tranche - 1 and the Escrow Agreement. The Escrow Collection
Banks, for and on behalf of the Applicants, shall maintain the
monies in the Escrow Account until the Designated Date. The
Escrow Collection Banks shall not exercise any lien whatsoever
over the monies deposited therein and shall hold the monies
therein in trust for the Applicants. On the Designated Date, the
Escrow Collection Banks shall transfer the funds represented
by Allotment of Bonds (other than in respect of Allotment to
successful ASBA Applicants) from the Escrow Account, as
per the terms of the Escrow Agreement, into the Public Issue
Account(s).
The balance amount after transfer to the Public Issue Account(s)
shall be transferred to the Refund Account. Payments of refund
to the relevant Applicants shall also be made from the Refund
Account as per the terms of the Escrow Agreement.
The Applicants should note that the escrow mechanism is not
prescribed by SEBI and has been established as an arrangement
between our Company, the Lead Managers, the Escrow Collection Banks and the Registrar to the Issue to facilitate collections
from the Applicants.
Each Applicant shall draw a cheque or demand draft for the entire Application Amount as per the following terms:
1. All Applicants would be required to pay the full Application Amount at the time of the submission of the Application Form other than ASBA Applicants.
2. The Applicants shall, with the submission of the Application Form, draw a payment instrument for the Application
Amount in favour of the Escrow Accounts and submit the
same along with their Application. If the payment is not
made favouring the Escrow Accounts along with the Application Form, the Application will be rejected. Application Forms accompanied by cash, stock invest, money
Order or postal Order will not be accepted.
3. The payment instruments for payment into the Escrow Account should be drawn in favour of REC Tax Free Bond
2012-13 Escrow Account Tranche I.
4. The monies deposited in the Escrow Accounts will be held
for the benefit of the Applicants (other than ASBA Applicants) till the Designated Date.
5. On the Designated Date, the Escrow Collection Banks
shall transfer the funds from the Escrow Accounts as per
the terms of the Escrow Agreement into the Public Issue
Account(s) with the Bankers to the Issue and the refund
amount shall be transferred to the Refund Account.
6. Payments should be made by cheque or demand draft drawn
on any bank (including a co-operative bank), which is situated at, and is a member of or sub-member of the bankers
clearing house located at the centre where the Application
Form is submitted. Outstation cheques, post dated cheques
and cheques/ bank drafts drawn on banks not participating
in the clearing process will not be accepted and Applications accompanied by such cheques or bank drafts will be
rejected. Cash/ stockinvest/ money Orders/ postal Orders
will not be accepted. Please note that cheques without the
nine digits Magnetic Ink Character Recognition (MICR)
code are liable to be rejected.
7. Applicants are advised to provide the number of the Application Form on the reverse of the cheque or bank draft to
avoid misuse of instruments submitted with the Application

Form.
30. Payment by cash/ stockinvest/ money Order
Payment through cash/stockinvest/money Order shall not be accepted in this Issue.
Submission of Completed Application Forms
Mode of Submission of
Application Forms
ASBA Applications

To whom the Application


Form has to be submitted
(i)
If using physical Application Form, (a) to
the Members of the
Syndicate or Trading Members of the
Stock
Exchanges
only at the Specified
Cities
(Syndicate
ASBA), or (b) to the
Designated Branches
of the SCSBs where
the ASBA Account is
maintained; or
(ii)
If using electronic
Application Form, to
the SCSBs, electronically through internet banking facility,
if available.
Non-ASBA Applications
The Members of the Syndicate or Trading Members of
the Stock Exchangesat the
centres mentioned in the
Application Form.
Note: Application for allotment of physical form can be
made only using Non-ASBA Applications.
Syndicate ASBA Applicants must ensure that their ASBA Applications are submitted to the Lead Managers, Members of
the Syndicate or Trading Members of the Stock Exchanges
only at the Specified Cities (Mumbai, Chennai, Kolkata, Delhi,
Ahmedabad, Rajkot, Jaipur, Bengaluru, Hyderabad, Pune, Vadodara and Surat). Kindly note that ASBA Applications submitted to the Lead Managers, Members of the Syndicate or Trading
Members of the Stock Exchanges at the Specified Cities will not
be accepted if the SCSB where the ASBA Account, as specified in the ASBA Application, is maintained has not named at
least one branch at that Specified City for the Lead Managers,
Members of the Syndicate or Trading Members of the Stock Exchanges, as the case may be, to deposit ASBA Applications. A
list of such branches is available at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries
Applications shall be accepted only between 10 a.m. and 5
p.m. (Indian Standard Time IST), or such extended time
as may be permitted by the Stock Exchanges, during the Issue Period on all days between Monday and Friday, both
inclusive barring public holidays, at the Collection Centers
or with the Lead Managers or Lead Brokers at the Specified Centers and the Designated Branches of SCSBs as mentioned on the Application Form. On the Issue Closing Date,
Applications shall be accepted only between 10 a.m. and 3

RURAL ELECTRIFICATION CORPORATION LIMITED

15

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


p.m. and shall be uploaded until 5p.m. or such extended time
as may be permitted by the Stock Exchanges. It is clarified
that the Applications not uploaded in the electronic application system of the Stock Exchanges would be rejected.
Due to limitation of time available for uploading the Applications on the Issue Closing Date, Applicants are advised to submit
their Applications one day prior to the Issue Closing Date and,
in any case, no later than 3p.m. on the Issue Closing Date. All
times mentioned in the Prospectus are Indian Standard Times.
Applicants are cautioned that in the event a large number of Applications are received on the Issue Closing Date, some Applications may not get uploaded due to lack of sufficient time. Such
Applications that cannot be uploaded will not be considered for
allocation under the Issue. Applications will be accepted only
on Business Days, i.e., Monday to Friday (excluding any public
holiday). Neither our Company, nor the Members of the Syndicate or Trading Members of the Stock Exchanges is liable for
any failure in uploading the Applications due to failure in any
software/hardware system or otherwise.
For information on the Issue programme and timings for submission of Application Forms, please refer to General Information
Issue Programme on page 23 of the Prospectus Tranche -1.
31. Applicants other than ASBA Applicants are advised not
to submit the Application Form directly to the Escrow
Collection Banks/Bankers to the Issue, and the same
will be rejected in such cases and the Applicants will
not be entitled to any compensation whatsoever.
I) Submission of ASBA Applications
Applicants can also apply for Bonds using the ASBA facility.
ASBA Applications can be submitted through either of the following modes:
(a) Physically or electronically to the Designated Branches of the SCSB with whom an Applicants ASBA Account is maintained.

In case of ASBA Application in physical mode, the ASBA
Applicant shall submit the Application Form at the relevant
Designated Branch of the SCSB. The Designated Branch
shall verify if sufficient funds equal to the Application
Amount are available in the ASBA Account, as mentioned in
the ASBA Application, prior to uploading such ASBA Application into the electronic system of the Stock Exchanges.
If sufficient funds are not available in the ASBA Account,
the respective Designated Branch shall reject such ASBA
Application and shall not upload such ASBA Application in
the electronic system of the Stock Exchanges. If sufficient
funds are available in the ASBA Account, the Designated
Branch shall block an amount equivalent to the Application
Amount and upload details of the ASBA Application in the
electronic system of the Stock Exchanges. The Designated
Branch of the SCSBs shall stamp the Application Form.

In case of Application in the electronic mode, the ASBA Applicant shall submit the ASBA Application either through
the internet banking facility available with the SCSB, or
such other electronically enabled mechanism for application and blocking funds in the ASBA Account held with
SCSB, and accordingly registering such ASBA Applications.
(b) Physically through the Lead Managers, Members of the
Syndicate or Trading Members of the Stock Exchanges
only at the Specified Cities (Mumbai, Chennai, Kolkata,
Delhi, Ahmedabad, Rajkot, Jaipur, Bangalore, Hyderabad,
16

Pune, Vadodara and Surat). Kindly note that ASBA Applications submitted to the Lead Managers, Members of the
Syndicate or Trading Members of the Stock Exchanges at
the Specified Cities will not be accepted if the SCSB where
the ASBA Account, as specified in the ASBA Application,
is maintained has not named at least one branch at that
Specified City for the Lead Managers, Members of the Syndicate or Trading Members of the Stock Exchanges, as the
case may be, to deposit ASBA Applications (A list of such
branches is available at http://www.sebi.gov.in/sebiweb/
home/list/5/33/0/0/Recognised-Intermediaries))

Upon receipt of the Application Form by the Lead
Managers, Members of the Syndicate or Trading Members of the Stock Exchanges, as the case may be, an
acknowledgement shall be issued by giving the counter foil of the Application Form to the ASBA Applicant
as proof of having accepted the Application. Thereafter, the details of the Application shall be uploaded in
the electronic system of the Stock Exchanges and the
Application Form shall be forwarded to the relevant
branch of the SCSB, in the relevant Specified City, named
by such SCSB to accept such ASBA Applications from the
Lead Managers, Members of the Syndicate or Trading
Members of the Stock Exchanges, as the case may be
(A list of such branches is available at http://www.sebi.gov.
in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries).
Upon receipt of the ASBA Application, the relevant branch
of the SCSB shall perform verification procedures and
check if sufficient funds equal to the Application Amount
are available in the ASBA Account, as mentioned in the
ASBA Form. If sufficient funds are not available in the
ASBA Account, the relevant ASBA Application is liable to
be rejected. If sufficient funds are available in the ASBA
Account, the relevant branch of the SCSB shall block an
amount equivalent to the Application Amount mentioned in
the ASBA Application.

The Application Amount shall remain blocked in the ASBA
Account until approval of the Basis of Allotment and consequent transfer of the amount against the Allotted Bonds to
the Public Issue Account(s), or until withdrawal/failure of
the Issue or until withdrawal/ rejection of the Application
Form, as the case may be.
ASBA Applicants must note that:
(a) Physical Application Forms will be available with the Designated Branches of the SCSBs and with the Members of
the Syndicate or Trading Members of the Stock Exchanges
at the Specified Cities; and electronic Application Forms
will be available on the websites of the SCSBs and the
Stock Exchanges at least one day prior to the Issue Opening
Date. The Application Forms would be serially numbered.
Further, the SCSBs will ensure that the abridged Prospectus
is made available on their websites.
(b) The Designated Branches of the SCSBs shall accept ASBA
Applications directly from ASBA Applicants only during
the Issue Period. The SCSB shall not accept any ASBA Applications directly from ASBA Applicants after the closing
time of acceptance of Applications on the Issue Closing
Date. However, in case of Syndicate ASBA, the relevant
branches of the SCSBs at Specified Cities can accept ASBA
Applications from the Members of the Syndicate or Trading Members of the Stock Exchanges, as the case may be,
after the closing time of acceptance of Applications on the

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Issue Closing Date. For further information on the Issue
programme, please refer to General Information Issue
Programme on page 23 of the Prospectus Tranche -1.
(c) In case of Applications through Syndicate ASBA, the
physical Application Form shall bear the stamp of the
Members of the Syndicate or Trading Members of the
Stock Exchanges, as the case maybe, if not, the same
shall be rejected.
Please note that ASBA Applicants can make an Application
for Allotment of Bonds only in dematerialised form
II) Submission of Non-ASBA Applications
Applicants must use the Application Form, which will be
serially numbered, bearing the stamp of the relevant Members of the Syndicate or Trading Member of the Stock Exchanges, as the case may be, from whom such Application
Form is obtained. Such Application Form must be submitted to the relevant Members of the Syndicate or Trading
Member of the Stock Exchanges, as the case may be, at the
centres mentioned in the Application Form along with the
cheque or bank draft for the Application Amount, before the
closure of the Issue Period.
The Stock Exchanges may also provide Application Forms
for being downloaded and filled. Accordingly the investors may
download Application Forms and submit the completed Application Forms together with cheques/ demand drafts to the
Members of the Syndicate or Trading Member of the Stock
Exchanges at the centres mentioned in the Application Form.
On submission of the complete Application Form, the relevant Members of the Syndicate or Trading Member of the
Stock Exchange, as the case may be, will upload the Application Form on the electronic system provided by the
Stock Exchanges, and once an Application Form has been
uploaded, issue an acknowledgement of such upload by
stamping the acknowledgement slip attached to the Application Form with the relevant date and time and return the
same to the Applicant. Thereafter, the Application Form
together with the cheque or bank draft shall be forwarded
to the Escrow Collection Banks for realization and further processing.
The duly stamped acknowledgment slip will serve as a duplicate Application Form for the records of the Applicant.
The Applicant must preserve the acknowledgment slip and
provide the same in connection with:
(a) any cancellation/ withdrawal of their Application;
(b) queries in connection with allotment and/ or refund(s) of
Bonds; and/or
(c) all investor grievances/ complaints in connection with the
Issue.
III) Submission of Non- ASBA Applications for Allotment
of the Bonds in physical form
Applicants can also apply for Allotment of the Bonds in physical form by submitting duly filled in Application Forms to the
Members of the Syndicate or the Trading Members, along with
the accompanying account payee cheques or demand drafts representing the full Application Amount and KYC documents as
specified in the sections titled Issue Procedure Applications
by certain Categories of Applicants and Issue Procedure Additional instructions specific for Applicants seeking Allotment of the Bonds in physical form at pages 58 and 65
of the Prospectus Tranche -1, respectively. The Members of the

Syndicate and Trading Members shall, upon submission of the


Application Forms to them, verify and check the KYC documents submitted by such Applicants and upload details of the
Application on the online platforms of Stock Exchanges, following which they shall acknowledge the uploading of the Application Form by stamping the acknowledgment slip with the date
and time and returning it to the Applicant.
Upon uploading of the Application details, the Members of the
Syndicate and Trading Members will submit the Application
Forms, along with the payment instruments to the Escrow Collection Banks, which will realise the payment instrument, and
send the Application Form and the KYC documents to the Registrar, who shall check the KYC documents submitted and match
Application details as received from the online platforms of
Stock Exchanges with the Application Amount details received
from the Escrow Collection Banks for reconciliation of funds received from the Escrow Collection Banks. In case of discrepancies between the two data bases, the details received from the
online platforms of Stock Exchanges will prevail. The Members
of the Syndicate/Trading Members are requested to note that all
Applicants are required to be banked with only the designated
branches of Escrow Collection Banks, as mentioned in the Application Form. Upon Allotment, the Registrar will dispatch
Bond Certificates to the successful Applicants to their addresses
as provided in the Application Form. Please note that, in the
event that KYC documents of an Applicant are not in Order,
the Registrar will withhold the dispatch of Bond Certificates
pending receipt of complete KYC documents from such Applicant. In such circumstances, successful Applicants should
provide complete KYC documents to the Registrar at the
earliest.
Please note that in such an event, any delay by the Applicant to provide complete KYC documents to the Registrar
will be at the Applicants sole risk and neither our Company,
the Registrar, the Escrow Collection Banks, Members of the
Syndicate, will be liable to compensate the Applicants for any
losses caused to them due to any such delay, or liable to pay
any interest on the Application Amounts for such period during which the Bond Certificates are withheld by the Registrar. Further, our Company will not be liable for any delays
in payment of interest on the Bonds allotted to such Applicants, and will not be liable to compensate such Applicants
for any losses caused to them due to any such delay, or liable
to pay any interest for such delay in payment of interest on
the Bonds.
32. Electronic Registration of Applications
(a) The Members of the Syndicate or Trading Members of the
Stock Exchanges and Designated Branches of the SCSBs,
as the case may be, will register the Applications using the
on-line facilities of the Stock Exchanges. There will be at
least one on-line connection in each city where Applications are being accepted.
The Members of the Syndicate, our Company and the
Registrar to the Issue are not responsible for any acts, mistakes or errors or omission and commissions in relation to,
(i) the Applications accepted by the SCSBs, (ii) the Applications uploaded by the SCSBs, (iii) the Applications accepted but not uploaded by the SCSBs, (iv) with respect to
ASBA Applications accepted and uploaded by the SCSBs
without blocking funds in the ASBA Accounts, or (v) any
Applications accepted by the Trading Members of the Stock

RURAL ELECTRIFICATION CORPORATION LIMITED

17

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Exchanges.
(b) In case of apparent data entry error by the Members of the
Syndicate or Trading Members of the Stock Exchanges,
Escrow Collection Banks or Designated Branches of
the SCSBs, as the case may be, in entering the Application Form number in their respective schedules other things
remaining unchanged, the Application Form may be considered as valid and such exceptions may be recorded in
minutes of the meeting submitted to the Designated Stock
Exchange.
(c) The Stock Exchanges would offer an electronic facility
for registering Applications for the Issue. This facility will
be available on the terminals of Members of the Syndicate or Trading Members of the Stock Exchanges and
the SCSBs during the Issue Period. The Members of the
Syndicate or Trading Members of the Stock Exchanges
can also set up facilities for off-line electronic registration
of Applications subject to the condition that they will subsequently upload the off-line data file into the on-line facilities for Applications on a regular basis, and before the
expiry of the allocated time on the Issue Closing Date. On
the Issue Closing Date, the Members of the Syndicate or
Trading Members of the Stock Exchanges and the Designated Branches of the SCSBs shall upload the Applications
till such time as may be permitted by the Stock Exchanges. This information will be available with the Members
of the Syndicate or Trading Members of the Stock Exchanges and the Designated Branches of the SCSBs on a
regular basis. Applicants are cautioned that a high inflow
of high volumes on the last day of the Issue Period may
lead to some Applications received on the last day not being
uploaded and such Applications will not be considered for
allocation. For further information on the Issue programme,
please refer to General Information Issue Programme
on page 23 of the Prospectus Tranche -1.
(d) At the time of registering each Application, other than
ASBA Applications, the Members of the Syndicate or
Trading Members of the Stock Exchanges shall enter the
requisite details of the Applicants in the on-line system including:
Application Form number
PAN (of the first Applicant, in case of more than one
Applicant)
Investor category and sub-category
DP ID
Client ID
Series of Bonds applied for
Number of Bonds Applied for in each Series of Bonds
Price per Bond
Application amount
Cheque number
(e) With respect to ASBA Applications submitted directly to
the SCSBs at the time of registering each Application, the
Designated Branches shall enter the requisite details of the
Applicants in the on-line system including:
Application Form number
PAN (of the first Applicant, in case of more than one
Applicant)
Investor category and sub-category
18

(f)

(g)

(h)

(i)

RURAL ELECTRIFICATION CORPORATION LIMITED

DP ID
Client ID
Series of Bonds applied for
Number of Bonds Applied for in each Series of Bonds
Price per Bond
Bank code for the SCSB where the ASBA Account is
maintained
Bank account number
Application amount
With respect to ASBA Applications submitted to the Members of the Syndicate or Trading Members of the Stock
Exchanges only at the Specified Cities, at the time of
registering each Application, the requisite details of the Applicants shall be entered in the on-line system including:
Application Form number
PAN (of the first Applicant, in case of more than one
Applicant)
Investor category and sub-category
DP ID
Client ID
Series of Bonds applied for
Number of Bonds Applied for in each Series of Bonds
Price per Bond
Bank code for the SCSB where the ASBA Account is
maintained
Location of Specified City
Application amount
Bank Account number
A system generated TRS will be given to the Applicant as a
proof of the registration of each Application. It is the Applicants responsibility to obtain the TRS from the Members of
the Syndicate orTrading Members of the Stock Exchanges
and the Designated Braches of the SCSBs, as the case may
be. The registration of the Application by the Members of
the Syndicates or Trading Members of the Stock Exchanges
and the Designated Braches of the SCSBs, as the case may
be, does not guarantee that the Bonds shall be allocated/Allotted by our Company. TRS will be non-negotiable and by
itself will not create any obligation of any kind.
Applications can be rejected on the technical grounds listed
on page 74 of the Prospectus Tranche - 1 or if all required
information is not provided or the Application Form is incomplete in any respect.
The permission given by the Stock Exchanges to use their
network and software of the online system should not in any
way be deemed or construed to mean that the compliance
with various statutory and other requirements by our Company and/or the Lead Managers are cleared or approved
by the Stock Exchange; nor does it in any manner warrant,
certify or endorse the correctness or completeness of any of
the compliance with the statutory and other requirements
nor does it take any responsibility for the financial or other
soundness of our Company, the management or any scheme
or project of our Company; nor does it in any manner warrant, certify or endorse the correctness or completeness of
any of the contents of the Prospectus Tranche - 1; nor does
it warrant that the Bonds will be listed or will continue to be

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


listed on the Stock Exchanges.
(j) Only Applications that are uploaded on the online system
of the Stock Exchanges shall be considered for allocation/
Allotment. The Members of the Syndicate or Trading
Members of the Stock Exchanges and the Designated
Braches of the SCSBs shall capture all data relevant for the
purposes of finalizing the Basis of Allotment while uploading Application data in the electronic systems of the Stock
Exchanges. In Order that the data so captured is accurate
the Members of the Syndicate or Trading Members of
the Stock Exchanges and the Designated Branches of the
SCSBs will be given up to one Working Day after the Issue Closing Date to modify/ verify certain selected fields
uploaded in the online system during the Issue Period after
which the data will be sent to the Registrar for reconciliation with the data available with the NSDL and CDSL.
33. Rejection of Applications
Applications would be liable to be rejected on the technical
grounds listed on page 74 of the Prospectus Tranche -1 below
or if all required information is not provided or the Application
Form is incomplete in any respect. The Board of Directors and/
or BondCommittee of our Company reserves its full, unqualified
and absolute right to accept or reject any Application in whole or
in part and in either case without assigning any reason thereof.
Application may be rejected on one or more technical grounds,
including but not restricted to:
Applications submitted without payment of the entire Application Amount other than for ASBA Applicants.
Application by persons not competent to contract under the
Indian Contract Act, 1872;
PAN not mentioned in the Application Form, except for Applications by or on behalf of the Central or State Government and the officials appointed by the courts and by investors residing in the State of Sikkim, provided such claims
have been verified by the Depository Participants;
DP ID and Client ID not mentioned in the Application Form;
GIR number furnished instead of PAN;
Applications by OCBs;
Applications for an amount below the minimum application
size;
Submission of more than five ASBA Forms per ASBA Account;
Applications by persons who are not eligible to acquire
Bonds of our Company in terms of applicable laws, rules,
regulations, guidelines and approvals;
In case of Applications under power of attorney or by limited companies, corporate etc., relevant documents are not
submitted;
Applications accompanied by Stock invest/ money Order/
postal Order/cash;
Signature of sole and/ or joint Applicants missing. In case
of joint Applicants, the Application Forms not being signed
by each of the joint Applicants (in the same sequence as
they appear in the records of the Depository);
In case of Applicants applying for the Bonds in physical
form, if the address of the Applicant is not provided in the
Application Form;

Copy of KYC documents not provided in case of option to


hold Bonds in physical form;
ASBA Application Forms not being signed by the ASBA
Account holder, if the account holder is different from the
Applicant;
Application Forms submitted to the Members of the Syndicate or Trading Members of the Stock Exchanges does
not bear the stamp of the relevant Members of the Syndicate or Trading Members of the Stock Exchanges, as
the case may be. ASBA Applications submitted directly
to the Designated Branches of the SCSBs does not bear the
stamp of the SCSB and/or the Designated Branch and/or
the Members of the Syndicate or Trading Members of the
Stock Exchanges, as the case may be;
ASBA Applications not having details of the ASBA Account to be blocked;
Application Forms for allotment in dematerialised mode
which do not have Applicants depository account details;
In case no corresponding record is available with the Depositories that matches three parameters namely, DP ID,
Client ID and PAN or if PAN is not available in the Depository database;
With respect to ASBA Applications, inadequate funds in the
ASBA Account to enable the SCSB to block the Application Amount specified in the ASBA Application Form at
the time of blocking such Application Amount in the ASBA
Account or no confirmation is received from the SCSB for
blocking of funds;
Applications where clear funds are not available in Escrow
Accounts as per final certificates from Escrow Collection
Banks;
Authorization to the SCSB for blocking funds in the ASBA
Account not provided;
Applications by persons prohibited from buying, selling
or dealing in shares, directly or indirectly, by SEBI or any
other regulatory authority;
Applications by any person outside India;
Applications by other persons who are not eligible to apply for Bonds under the Issue under applicable Indian or
foreign statutory/regulatory requirements;
Applications not uploaded on the terminals of the Stock
Exchanges;
Applications uploaded after the expiry of the allocated time
on the Issue Closing Date, unless extended by the Stock
Exchanges, as applicable;
Application Forms not delivered by the Applicant within
the time prescribed as per the Application Form and the
Shelf Prospectus and as per the instructions in the Application Form and the Prospectus Tranche - 1;
Applications by Applicants whose demat accounts have
been suspended for credit pursuant to the circular issued
by SEBI on July 29, 2010 bearing number CIR/MRD/
DP/22/2010;
Where PAN details in the Application Form and as entered
into the electronic system of the Stock Exchange, are not as
per the records of the Depositories;
ASBA Applications submitted to the Members of the
Syndicate or Trading Members of the Stock Exchanges

RURAL ELECTRIFICATION CORPORATION LIMITED

19

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


at locations other than the Specified Cities or at a Designated Branch of a SCSB where the ASBA Account is not
maintained, and ASBA Applications submitted directly to
an Escrow Collecting Bank (assuming that such bank is not
a SCSB), to our Company or the Registrar to the Issue;
Applications tendered to the Trading Members of the Stock
Exchanges at centres other than the centres mentioned in
the Application Form;
Category not ticked; and/or
Application Form accompanied with more than one cheque.
Kindly note that ASBA Applications submitted to the Members of the Syndicate or Trading Members of the Stock
Exchanges at the Specified Cities will not be accepted if the
SCSB where the ASBA Account, as specified in the ASBA
Form, is maintained has not named at least one branch at that
Specified City for the Members of the Syndicate or Trading
Members of the Stock Exchanges, as the case may be, to
deposit ASBA Applications (A list of such branches is available at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/
Recognised-Intermediaries).
For information on certain procedures to be carried out by the
Registrar to the Issue for finalization of the basis of allotment,
please refer to Information for Applicants on page 75 of the
Prospectus Tranche -1.
34. Information for Applicants
In case of ASBA Applications submitted to the SCSBs, in terms
of the SEBI circular CIR/CFD/DIL/3/2010 dated April 22,
2010, the Registrar to the Issue will reconcile the compiled data
received from the Stock Exchanges and all SCSBs, and match
the same with the Depository database for correctness of DP ID,
Client ID and PAN. The Registrar to the Issue will undertake
technical rejections based on the electronic details and the Depository database. In case of any discrepancy between the electronic data and the Depository records, the Company, in consultation with the Designated Stock Exchange, the Lead Managers
and the Registrar to the Issue, reserves the right to proceed as
per the Depository records for such ASBA Applications or treat
such ASBA Applications as rejected.
In case of ASBA Applicants submitted to the Members of the
Syndicate or Trading Members of the Stock Exchanges at the
Specified Cities, the basis of allotment will be based on the Registrars validation of the electronic details with the Depository
records, and the complete reconciliation of the final certificates
received from the SCSBs with the electronic details in terms of
the SEBI circular CIR/CFD/DIL/1/2011 dated April 29, 2011.
The Registrar to the Issue will undertake technical rejections
based on the electronic details and the Depository database. In
case of any discrepancy between the electronic data and the Depository records, the Company, in consultation with the Designated Stock Exchange, the Lead Managers and the Registrar
to the Issue, reserves the right to proceed as per the Depository
records or treat such ASBA Application as rejected.
In case of non-ASBA Applications, the basis of allotment will
be based on the Registrars validation of the electronic details
with the Depository records, and the complete reconciliation of
the final certificates received from the Escrow Collection Banks
with the electronic details in terms of the SEBI circular CIR/
CFD/DIL/3/2010 dated April 22, 2010 and the SEBI circular
CIR/CFD/DIL/1/2011 dated April 29, 2011. The Registrar will
undertake technical rejections based on the electronic details
20

and the Depository database. In case of any discrepancy between the electronic data and the Depository records, the Company, in consultation with the Designated Stock Exchange, the
Lead Managers, the Registrar to the Issue, reserves the right to
proceed as per the Depository records or treat such Applications
as rejected.
Based on the information provided by the Depositories, the
Company shall have the right to accept Applications belonging
to an account for the benefit of a minor (under guardianship).
In case of Applications for a higher number of Bonds than specified for that category of Applicant, only the maximum amount
permissible for such category of Applicant will be considered
for Allotment.
TERMS OF THE ISSUE
35. Authority for the Issue
The GoI, by virtue of power conferred upon it under item (h) of
sub clause (iv) of clause (15) of Section 10 of the Income Tax
Act, 1961, has issued CBDT Notification authorising REC to
issue the said Bonds for an amount aggregating upto ` 5,000
crores in one or more Tranches during the fiscal 2013.
For further details, please refer section Terms of the Issue on
page 42 of the Prospectus Tranche 1
36. Issue and Ranking of Bonds
For further details, please refer section Terms of the Issue on
page 42 of the Prospectus Tranche 1
37. Form, Face Value, Title and Listing etc
The Allotment of the Bonds shall be in a dematerialised form as
well as physical form. The face value of each Bond is ` 1000.
For further details, please refer section Terms of the Issue on
page 42 of the Prospectus Tranche 1
38. Security
The Bonds issued by the Company will be secured by way of
first pari passu charge on the identified immovable property(ies)
of the Company and first pari passu charge on the book debts
of the Company, other than those that are exclusively charged/
earmarked to ITSL and/or any other lender(s) of the Company,
as may be agreed between the Company and the Trustee, pursuant to the terms of the Bond Trust Deed with a minimum
security cover of one time of the aggregate face value of Bonds
outstanding at all times.
39. Credit rating
CRISIL AAA/Stable by CRISIL; CARE AAA by CARE;
IND AAA by IRRPL and [ICRA] AAA by ICRA
For further details and for rationale for the above ratings, please refer to
Appendix - II of the Shelf Prospectus.
40. Period of Subscription
The Issue shall remain open for the period mentioned below:
Issue Opens on

December 03, 2012

Issue Closes on

December 10, 2012*

*The subscription list for the Issue shall remain open for
subscription, from 10:00 A.M. to 5:00 P.M during the period
indicated above, with an option for early closure (subject to
the Issue being open for a minimum of 3 days and Category
IV portion being fully subscribed), as may be decided by the
Board of Directors or the Bond Committee. In the event of such

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


early closure of the subscription list of the Issue, our Company
shall ensure that public notice of such early closure is published
on or before the day of such early date of closure, through
advertisement/s in at least one leading National daily newspaper.
41. Application Amount
The Bonds are being issued at par and full amount of face value
per Bond is payable on application. In case of ASBA Applicants,
the full amount of face value of Bonds applied for will be blocked
in the relevant ASBA Account maintained with the SCSB.
For further details, please refer to section Term of the IssueApplication Amount on page 45 the Prospectus Tranche -1.
42. Market Lot
The Bonds shall be allotted in physical as well as in dematerialised
form. As per the SEBI Debt Regulations, the trading of the
Bonds shall be in dematerialised form only. Since, the trading of
Bonds is in dematerialised form, tradable lot is one Bond
43. Procedure for Rematerialisation of Bonds
Bondholders who wish to hold the Bonds in physical form,
after having allotted Bonds in dematerialised form may do
so by submitting a request to their Depository Participant, in
accordance with the applicable procedure stipulated by the
Depository Participant.
44. Debenture Redemption Reserve (DRR)
Pursuant to Regulation 16 of the SEBI Debt Regulations and
Section 117C of the Companies Act, any company that intends
to issue debentures shall create a DRR to which adequate
amounts shall be credited out of the profits of the company
until the redemption of the debentures. Further, the Ministry of
Company Affairs (MCA) has, through its circular dated April
18, 2002, specified that public financial institutions shall create
a DRR to the extent of 50% of the value of the debentures issued
through public issue. Accordingly, the company shall create
DRR of 50% of the value of Bonds issued and allotted in terms
of the Prospectus Tranche - 1, for the redemption of the Bonds.
The Company shall credit adequate amounts to the DRR from
its profits every year until the Bonds are redeemed. The amounts
credited to the DRR shall not be utilised by the Company for
any purpose other than for the redemption of the Bonds.
45. Deemed Date of Allotment
Deemed Date of Allotment shall be the date on which the Board
of Directors or Bond Committee of the Company approves
the Allotment of the Bonds for Issue or such date as may be
determined by the Board of Directors or Bond Committee and
notified to the Stock Exchanges. All benefits under the Bonds
including payment of interest will accrue to the Bondholders
from the Deemed Date of Allotment. Actual Allotment may
occur on a date other than the Deemed Date of Allotment.
46. Underwriting
The Issue is not underwritten.
47. Minimum Subscription
In terms of the SEBI Debt Regulations, an issuer undertaking
a public issue of debt securities may disclose the minimum
amount of subscription that it proposes to raise in the Issue in
the offer document. The Company has decided not to stipulate
minimum subscription amount for the Issue
48. Day Count Convention
Actual/Actual, i.e. Interest shall be computed on an actual/actual
basis on the face value amount of Bonds outstanding. Where

the interest period (start date to end date) includes February 29,
interest shall be computed on 366 days-a-year basis, on the face
value amount of Bonds outstanding.
Basis of Allotment
49. Grouping of Applications and Allocation Ratio: For
the purposes of the basis of allotment:
(a) Applications received from applicants who are Category
I (Qualified Institutional Buyers) : Applications received
from Category I (Qualified Institutional Buyers) , shall be
grouped together, (Institutional Portion);
(b) Applications received from applicants who are Category II
(Non Institutional Investors): Applications received from
Category II ( Non Institutional Investors), shall be grouped
together, (Non Institutional Portion);
(c) Applications received from Category III (High Networth Individuals): Applications received from Category III (High
Networth Individuals), shall be grouped together, (HNI
Portion); and
(d) Applications received from Category IV (Retail Individual
Investors): Applications received from Category IV (Retail
Individual Investors), shall be grouped together, (Retail
Portion);
For removal of doubt, Institutional Portion, Non Institutional PortionHNI Portion and Retail Portion are individually referred to as Portion and collectively referred to
as Portions.
For the purposes of determining the number of Bonds available for allocation to each of the abovementioned Portions,
our Company shall have the discretion of determining the
number of Bonds to be allotted upto or over and above the
Base Issue Size, in case our Company opts to retain any over
subscription in the Issue upto the Shelf Limit. The aggregate
value of Bonds decided to be allotted over and above the
Base Issue Size, (in case our Company opts to retain any
over subscription in the Issue), and/or the aggregate value of
Bonds upto the Base Issue Size shall be collectively termed
as the Overall Issue Size.
50. Allocation Ratio
Reservations shall be made for each of the Portions in the below
mentioned format:
Particulars

Qualified Non Insti- High NetRetail


Institututional
worth In- Individual
tional
Investors dividuals Investors
Investors
(NIIs) (HNIs) (RIIs)
(QIBs)
Portion
InstituNon-InHNI Por- Retail
tional
stitutional tion
Portion
Portion
Portion
Size in % 30% of
15% of
15% of
40% of
the Over- the Over- the Over- the Overall Issue
all Issue
all Issue
all Issue
Size
Size
Size
Size
51. Basis of Allotment for Bonds
(a) Allotments in the first instance:
i. Applicants belonging to the Category-I, in the first instance, will be allocated Bonds upto 30% of Issue Size
on first come first serve basis (determined on the basis
of the date of upload of each Application into the elec-

RURAL ELECTRIFICATION CORPORATION LIMITED

21

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


tronic system of the Stock Exchanges);
ii. Applicants belonging to the Category-II, in the first instance, will be allocated Bonds upto 15% of Issue Size
on first come first serve basis (determined on the basis
of the date of upload of each Application into the electronic system of the Stock Exchanges);
iii. Applicants belonging to the Category-III, in the first
instance, will be allocated Bonds upto 15% of Issue
Size on first come first serve basis (determined on the
basis of the date of upload of each Application into the
electronic system of the Stock Exchanges);
iv. Applicants belonging to the Category-IV, in the first
instance, will be allocated Bonds upto 40% of Issue
Size on first come first serve basis (determined on the
basis of the date of upload of each Application into the
electronic system of the Stock Exchanges)

Allotments, in consultation with the Designated Stock
Exchange, shall be made on a first-come first-serve basis,
based on the date of upload of each application on the electronic system of the stock exchanges, in each Portion subject to the Allocation Ratio.
(b) Under Subscription:

If there is any under subscription in any Portion, priority in
allotments will be given in the following order:
i. Retail Portion
ii. HNI Portion
iii. Non-Institutional Portion
iv. Institutional Portion
on a first come first serve basis within each Portion.
(c) For each Portion, all Applications uploaded into the electronic system of the Stock Exchange on the same day would
be treated at par with each other. Allotment within a day
would be on proportionate basis, where Bonds applied for
exceeds Bonds to be allotted for each Portion respectively.
(d) Minimum allotments of 1 Bond and in multiples of 1 Bond
thereafter would be made in case of each valid Application.
(e) Allotments in case of oversubscription: In case of an oversubscription, allotments to the maximum extent, as possible,
will be made on a first-come first-serve basis and thereafter
on proportionate basis in each Portion, i.e. full allotment
of Bonds to the Applicants on a first come first serve basis
up to the date falling 1 (one) day prior to the date of oversubscription and proportionate allotment of Bonds to the
Applicants on the date of oversubscription (determined on
the basis of the date of upload of each Application into the
electronic system of the Stock Exchange, in each Portion).
(f) Proportionate Allotments: For each Portion, on the date of
oversubscription:
i) Allotments to the Applicants shall be made in proportion to their respective application size, rounded off to
the nearest integer.
ii) If the process of rounding off to the nearest integer
results in the actual allocation of Bonds being higher
than the Issue size, not all Applicants will be allotted
the number of Bonds arrived at after such rounding
off. Rather, each Applicant whose allotment size, prior
to rounding off, had the highest decimal point would be
given preference.
22

iii) In the event, there are more than one Applicant whose
entitlement remain equal after the manner of distribution referred to above, our Company will ensure that
the basis of allotment is finalised by draw of lots in a
fair and equitable manner.
(g) Applicant applying for more than one series of Bonds : If
an Applicant has applied for more than one series of Bonds,
(Tranche 1 Series 1 and/or Tranche 1 Series 2, individually referred to as Series), and in case such Applicant is
entitled to allocation of only a part of the aggregate number
of Bonds applied for, the Series-wise allocation of Bonds
to such Applicants shall be in proportion to the number of
Bonds with respect to each Series, applied for by such Applicant, subject to rounding off to the nearest integer, as appropriate in consultation with Lead Managers and Designated Stock Exchange.
All decisions pertaining to the basis of allotment of Bonds pursuant to the Issue shall be taken by our Company in consultation
with the Lead Managers and the Designated Stock Exchange
and in compliance with the aforementioned provisions of this
Prospectus Tranche -1. Any other queries/issues in connection
with the Applications will be appropriately dealt with and decided upon by the Company in consultation with the Lead Managers.
Our Company would allot Tranche 1 Series 2 Bonds to all valid
Applications, wherein the Applicants have not indicated their
choice of the relevant Series of Bonds.
Our Company has the discretion to close the Issue early
(subject to the Issue being open for a minimum of 3 days
and Category IV portion being fully subscribed) irrespective
of whether any of the other Portion(s) are fully subscribed
or not.
Payment of Refunds
52. Refunds for Applicants other than ASBA Applicants
Within 12 Working Days of the Issue Closing Date, the Registrar to the Issue will dispatch refund Orders/give instructions
for electronic refunds, as applicable, of all amounts payable to
unsuccessful Applicants (other than ASBA Applicants) and also
any excess amount paid on Application, after adjusting for allocation/ Allotment of Bonds..
The Registrar to the Issue will obtain from the Depositories, the
Applicants bank account details, including the MICR code, on
the basis of the DP ID and Client ID provided by the Applicant
in their Application Forms, for making refunds.
For Applicants who receive refunds through ECS, direct credit, RTGS or NEFT, the refund instructions will be given to the
clearing system within 12 Working Days from the Issue Closing
Date. A suitable communication shall be dispatched to the Applicants receiving refunds through these modes, giving details
of the bank where refunds shall be credited along with amount
and expected date of electronic credit of refund. Such communication will be mailed to the addresses of Applicants, as per the
Demographic Details received from the Depositories.
The Demographic Details would be used for mailing of the
physical refund Orders, as applicable.
53. Mode of making refunds for Applicants other than
ASBA Applicants
The payment of refund, if any, for Applicants other than ASBA
Applicants would be done through any of the following modes:

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


1. Direct Credit Applicants having bank accounts with the
Refund Bank(s), as per Demographic Details received
from the Depositories, shall be eligible to receive refunds
through direct credit. Charges, if any, levied by the Refund
Bank(s) for the same would be borne by the Company.
2. NECS Payment of refund would be done through NECS
for applicants having an account at any of the centres
where such facility has been made available. This mode
of payment of refunds would be subject to availability of
complete bank account details including the MICR code
from the Depositories.
3. RTGS Applicants having a bank account at any of the
centres where such facility has been made available and
whose refund amount exceeds ` 2 lakhs, have the option
to receive refund through RTGS provided the Demographic
Details downloaded from the Depositories contain the nine
digit MICR code of the Applicants bank which can be
mapped with the RBI data to obtain the corresponding Indian Financial System Code (IFSC). Charges, if any, levied
by the applicants bank receiving the credit would be borne
by the Applicant.
4. NEFT Payment of refund shall be undertaken through
NEFT wherever the Applicants bank has been assigned the
Indian Financial System Code (IFSC), which can be linked
to a Magnetic Ink Character Recognition (MICR), if any,
available to that particular bank branch. IFSC Code will
be obtained from the website of RBI as on a date immediately prior to the date of payment of refund, duly mapped
with MICR numbers. Wherever the Applicants have registered their nine digit MICR number and their bank account
number while opening and operating the demat account,
the same will be duly mapped with the IFSC Code of that
particular bank branch and the payment of refund will be
made to the applicants through this method. The process
flow in respect of refunds by way of NEFT is at an evolving
stage, hence use of NEFT is subject to operational feasibility, cost and process efficiency. In the event that NEFT is
not operationally feasible, the payment of refunds would
be made through any one of the other modes as discussed
in the sections.
5. For all other applicants, including those who have not updated their bank particulars with the MICR code, the refund
Orders will be dispatched through Speed Post or Registered
Post. Such refunds will be made by cheques, pay Orders
or demand drafts drawn on the relevant Refund Bank and
payable at par at places where Applications are received.
Bank charges, if any, for cashing such cheques, pay Orders
or demand drafts at other centres will be payable by the
Applicants.
54. Mode of making refunds for ASBA Applicants
In case of ASBA Applicants, the Registrar shall instruct the relevant SCSB to unblock the funds in the relevant ASBA Account
for withdrawn, rejected or unsuccessful or partially successful
ASBA Applications within 12 Working Days of the Issue Closing Date.
55. Transfer of Bonds and Issuance of Allotment Advice
With respect to Applicants other than ASBA Applicants, our
Company shall (i) ensure dispatch of Allotment Advice/intimation within 12 Working Days of the Issue Closing Date, and
(ii) give instructions for credit of Bonds to the beneficiary ac-

count with Depository Participants, for successful Applicants


who have been allotted Bonds in dematerialised form, within
12 Working Days of the Issue Closing Date. The Allotment Advice for successful Applicants who have been allotted Bonds in
dematerialised form will be mailed to their addresses as per the
Demographic Details received from the Depositories.
With respect to the ASBA Applicants, our Company shall ensure
dispatch of Allotment Advice and/or give instructions for credit
of Bonds to the beneficiary account with Depository Participants
within 12 Working Days of the Issue Closing Date. The Allotment Advice for successful ASBA Applicants will be mailed to
their addresses as per the Demographic Details received from
the Depositories.
Our Company shall use best efforts to ensure that all steps for
completion of the necessary formalities for commencement of
trading at the Stock Exchanges where the Bonds are proposed
to be listed are taken within 12 Working Days from the Issue
Closing Date.
The Company will provide adequate funds required for dispatch
of refund Orders and Allotment Advice, as applicable, to the
Registrar to the Issue.
Interest
56. Interest
For all the categories, the Tranche 1 Series 1 and Tranche 1 Series 2 shall carry interest at the coupon rate of 7.22% p.a. and
7.38% p.a., respectively, payable annually from, and including,
the Deemed Date of Allotment up to, but excluding, their respective Maturity Dates, payable on the Interest Payment Date,
to the Bondholders as of the relevant Record Date.
However, an additional interest at the rate of 0.50% p.a. shall
be payable to the allottees under Category IV for the Bonds under Tranche 1 Series 1 and Tranche 1 Series 2. Accordingly, the
Tranche 1 Series 1 and Tranche 1 Series 2 allotted to Category
IV investors, shall carry an aggregate coupon rate of 7.72% p.a.
and 7.88% p.a., respectively, payable annually from, and including, the Deemed Date of Allotment up to, but excluding their respective Maturity Dates, payable on the Interest Payment Date,
to the Bondholders as of the relevant Record Date.
Please note that the aforesaid additional interest of 0.50 % p.a.
shall only be available to the original allottees under Category
IV Portion under Tranche 1 Series 1 and Tranche 1 Series 2. In
case the Bonds held by the original allottees under Category IV
Portion are sold / transferred (except in case of transfer of Bonds
to legal heir in the event of death of the original allottee), the
coupon rate shall stand revised to the coupon rate applicable for
allottees falling under Category I, Category II and Category III
Portion.
Please note that for the purpose of classifying the investors into
various categories, the applications will be consolidated on the
basis of PAN. Consequent to such consolidation of applications,
if an Applicant falls in any category other than Category IV, such
Applicant will not be entitled to the additional interest at the rate
of 0.50% p.a. for Tranche 1 Series 1 and/or Tranche 1 Series 2.
57. Interest on Application Money
Interest on application monies received which are used towards allotment of Bonds
REC shall pay interest on application money on the amount allotted, other than to ASBA applicants, subject to deduction of
income tax under the provisions of the Income Tax Act, 1961,

RURAL ELECTRIFICATION CORPORATION LIMITED

23

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


as amended, as applicable, to any applicants to whom Bonds
are allotted pursuant to the Issue from the date of realization of
the application money through cheque(s)/demand draft(s)/any
other mode or 3 (three) days from the date of banking of the
application (being the date of submission of each application
as duly acknowledged by the Bankers to the Issue) whichever
is later upto one day prior to the Deemed Date of Allotment, at
the rate of 7.22% p.a. and 7.38% p.a. on Tranche 1 Series 1 and
Tranche 1 Series 2 respectively for allottees under Category I,
Category II and Category III Portion, and at the rate of 7.72%
p.a and 7.88% p.a. on Tranche 1 Series 1 and Tranche 1 Series 2
respectively for allottees under Category IV Portion.
REC may enter into an arrangement with one or more banks
in one or more cities for direct credit of interest to the account
of the applicants. Alternatively, the interest warrant will be dispatched along with the Letter(s) of Allotment/Allotment Advice
at the sole risk of the applicant, to the sole/first applicant.
Interest on application monies received which are liable to be
refunded
REC shall pay interest on application money which is liable to
be refunded to the applicants, other than to ASBA applicants, in
accordance with the provisions of the SEBI Debt Regulations,
or other applicable statutory and/or regulatory requirements,
subject to deduction of income tax under the provisions of the
Income Tax Act, 1961, as amended, as applicable, from the date
of realization of the application money through cheque(s)/demand draft(s)/any other mode or 3 (three) days from the date
of receipt of the application (being the date of presentation of
each application as acknowledged by the Bankers to the Issue)
whichever is later upto one day prior to the Deemed Date of
Allotment, at the rate of 5.00 % p.a.. Such interest shall be
paid along with the monies liable to be refunded. Interest warrant will be dispatched/ credited (in case of electronic payment)
along with the Letter(s) of Refund at the sole risk of the applicant, to the sole/first applicant.
Provided that, notwithstanding anything contained hereinabove, REC shall not be liable to pay any interest on monies
liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/or (b) applications which
are withdrawn by the applicant. Please refer to Rejection of
Application-Issue Procedure at page 74 of the Prospectus
Tranche - 1.
Redemption
The face value of the Bonds will be redeemed at par, on the respective Maturity Dates of each of the Bond Series as set out in
the Prospectus Tranche - 1.
Procedure for Redemption by Bondholders
The procedure for redemption is set out below:
58. Bonds held in electronic form:
No action is required on the part of Bondholders at the time of
maturity of the Bonds.
59. Bonds held in physical form:
No action will ordinarily be required on the part of the Bondholder at the time of redemption, and the Maturity Amount will
be paid to those Bondholders whose names appear in the Register of Bondholders maintained by REC/Registrar on the Record
Date fixed for the purpose of redemption. However, REC may
require the Consolidated Bond Certificate(s), duly discharged
by the sole holder or all the joint-holders [signed on the reverse
24

of the Consolidated Bond Certificate(s)] to be surrendered for


redemption on Maturity Date and sent by the Bondholders by
registered post with acknowledgment due or by hand delivery
to the Registrar to the Issue or REC or to such persons at such
addresses as may be notified by REC from time to time. Bondholders may be requested to surrender the Consolidated Bond
Certificate(s) in the manner stated above, not more than three
months and not less than one month prior to the Maturity Date
so as to facilitate timely payment.
PAYMENTS
60. Payment of Interest on Bonds

Payment of interest on the Bonds will be made to those
Bondholders whose name appears first in the Register of
Bondholders maintained by the Depositories and/or REC
and/or the Registrar to the Issue, as the case may be, as on
the Record Date.

The interest on the Bonds allotted will be paid on the December 1 every year. The first interest payment will be made
on December 1, 2013 for the period commencing from the
Deemed Date of Allotment upto November 30, 2013. The
last interest payment will be made at the time of redemption
of the Bonds on a pro rata basis.
61. Record Date

The record date for the payment of interest or the Maturity
Amount shall be 15 days prior to the date on which such
amount is due and payable (Record Date). In the event
the Record Date falls on a Saturday, Sunday or a Public
Holiday in New Delhi or any other payment centre notified in terms of the Negotiable Instruments Act, 1881, the
succeeding Working Day shall be considered as the Record
Date. In case of redemption of Bonds, the trading in the
Bonds shall remain suspended between the Record Date
and the date of redemption.
62. Effect of holidays on payments

If the date of interest payment or redemption falls on
a Saturday, Sunday or a public holiday in Delhi or any
other payment centre notified in terms of the Negotiable Instruments Act, 1881, the succeeding Working Day
will be considered as the effective date. In case the date
of payment of interest falls on a holiday, the payment will
be made on the next Working Day, without any interest for
the period overdue. In case the date of redemption falls on
a holiday, the payment will be made on the next Working
Day, along with interest for the period overdue (i.e. upto
one day prior to the date of payment).
63. Whilst REC will use the electronic mode for making payments, where facilities for electronic mode of payments are
not available to the Bondholder or where the information
provided by the Applicant is insufficient or incomplete,
REC proposes to use other modes of payment to make payments to the Bondholders, including through the dispatch
of cheques through courier, or registered post to the address
provided by the Bondholder and appearing in the Register
of Bondholders maintained by the Depositories and/or REC
and/or the Registrar to the Issue, as the case may be as, on
the Record Date. In the case of payment on maturity being
made on surrender of the Consolidated Bond Certificate(s),
REC will make payments or issue payment instructions to
the Bondholders within 30 days from the date of receipt of
the duly discharged Consolidated Bond Certificate(s). REC

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


shall pay interest in accordance with the applicable laws
over and above the coupon rate of the relevant Bond Series, in the event that such payments are delayed beyond a
period of eight days after REC becomes liable to pay such
amounts.
64. RECs liability to the Bondholders including for payment
or otherwise shall stand extinguished from the Maturity
Date and on dispatch of the amounts paid by way of principal and/or interest to the Bondholders. Further, REC will
not be liable to pay any interest, income or compensation of
any kind accruing subsequent to the Maturity Date.
Manner and Mode of Payment
65. Manner of Payment:

All payments to be made by REC to the Bondholders shall
be made in any of the following manners:

For Bonds applied or held in dematerialised form:
The bank details will be obtained from the Depositories for payments. Investors who have applied or who
are holding the Bond in electronic form, are advised to
immediately update their bank account details as appearing on the records of their Depository Participant.
Failure to do so could result in delays in credit of the
payments to investors at their sole risk and neither the
Lead Managers nor REC shall have any responsibility
and undertake any liability for such delays on part of
the investors.
For Bonds held in physical form
The bank details will be extracted from the application or cheque copy attached.
66. Modes of Payment

All payments to be made by REC to the Bondholders shall
be made through any of the following modes:

Direct Credit

Applicants having bank accounts with the Refund Bank, as
per the demographic details received from the Depositories
shall be eligible to receive refunds through direct credit.
Charges, if any, levied by the Refund Bank for the same
would be borne by REC.

NECS

Through NECS for Applicants having an account at any
of the centres notified by the RBI. This mode of payment
will be subject to availability of complete bank account
details including the Magnetic Ink Character Recognition
(MICR) code as appearing on a cheque leaf, from the
Depositories.

REC shall not be responsible for any delay to the Bondholder
receiving credit of interest or refund or Maturity Amount so
long as REC has initiated the process in time.

Real Time Gross Settlement (RTGS)

Applicants having a bank account with a bank branch which
is RTGS enabled as per the information available on the
website of RBI and whose payment amount exceeds ` 2
lacs shall be eligible to receive refund through RTGS, provided the demographic details downloaded from the Depositories contain the nine digit MICR code of the Applicants
bank which can be mapped with the RBI data to obtain the
corresponding Indian Financial System Code (IFSC).
Charges, if any, levied by the Refund Bank for the same

67.

68.

69.

70.

would be borne by us. Charges, if any, levied by the Applicants bank receiving the credit would be borne by the
Applicant.
National Electronic Fund Transfer (NEFT)
Payment of refund shall be undertaken through NEFT wherever the Applicants bank branch is NEFT enabled and has
been assigned the IFSC, which can be linked to an MICR
code of that particular bank branch. IFSC Code will be obtained from the website of RBI as on a date prior to the date
of payment of refund, duly mapped with an MICR code.
Wherever the Applicants have registered their MICR number and their bank account number while opening and operating the beneficiary account, the same will be duly mapped
with the IFSC Code of that particular bank branch and the
payment will be made to the Applicants through this method. The process flow in respect of refunds by way of NEFT
is at an evolving stage and hence use of NEFT is subject to
operational feasibility, cost and process efficiency and the
past experience of the Registrar to the Issue. In the event
NEFT is not operationally feasible, the payment would be
made through any one of the other modes as discussed in
this section.
Cheques or Demand drafts
By cheques or demand drafts made in the name of the Bond
holders whose names appear in the Register of Bondholders
as maintained by REC and/or as provided by the Depositories.
All cheques or demand drafts as the case may be, shall be sent
by registered/speed post at the Bondholders sole risk.
Printing of Bank Particulars
As a matter of precaution against possible fraudulent encashment of refund Orders and interest/redemption warrants
due to loss or misplacement, the particulars of the Applicants bank account are mandatorily required to be provided
for printing on the Orders/warrants. Applications without
these details are liable to be rejected. However, in relation
to bonds applied for and held in dematerialised mode, these
particulars will be taken directly from the Depositories. In
case of Bonds held in physical form either on account of allotment, or rematerialisation, the Bondholders are advised
to submit their bank account details with the Registrar to
the Issue before the Record Date, failing which the amounts
will be dispatched to the postal address of the Bondholders
at the sole risk of the Bondholders. Bank account particulars
will be printed on the orders/warrants which can then be
deposited only in the account specified.
Transfer of the Bonds, Issue of Consolidated Bond Certificates, etc.
For further details, please refer section Terms of the IssueTransfer of the Bonds, Issue of Consolidated Bond Certificates, etc. on page 44 of the Prospectus Tranche 1
Special Tax Benefit
For the details of tax benefits, please refer to section
Statement of Tax Benefits on page 27 of the Prospectus
Tranche - 1.
Taxation
The Bonds are tax free in nature and the interest on
the Bonds will not form part of the total income. For
further details, please refer to section Statement of Tax
Benefits on page 27 of the Prospectus Tranche - 1.

RURAL ELECTRIFICATION CORPORATION LIMITED

25

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


OTHER INSTRUCTIONS
71. Rights of Bondholders
Bondholder not a shareholder: The Bondholders will not be entitled to any of the rights and privileges available to the equity
and/or preference shareholders of our Company.
For further details, please refer section Terms of the IssueRights of Bondholders page 51 of the Prospectus Tranche 1
72. Nomination Facility to Bondholder
For further details, please refer section Terms of the IssueNomination Facility to Bondholder page 52 of the Prospectus
Tranche 1
73. Events of Default
(i) The Trustee at its discretion may, or if so requested in writing by the holders of not less than 75% in principal amount
of the Bonds then outstanding or if so directed by a Special
Resolution shall (subject to being indemnified and/or secured by the Bondholders to its satisfaction), give notice to
REC specifying that the Bonds and/or any particular Series
of Bonds, in whole but not in part are and have become due
and repayable at the early redemption amount on such date
as may be specified in such notice inter alia if any of the
events listed in (ii) below occur.
(ii) The complete list of events of default shall be as specified
in the Bond Trust Deed.
(iii) The early redemption amount payable on the occurrence of
an Event of Default shall be as detailed in the Bond Trust
Deed.
(iv) If an Event of Default occurs which is continuing, the Trustee may with the consent of the Bondholders, obtained in
accordance with the provisions of the Bond Trust Deed, and
with a prior written notice to REC, take action in terms of
the Bond Trust Deed.
(v) In case of default in the redemption of Bonds, in addition to
the payment of interest and all other monies payable hereunder on the respective due dates, REC shall also pay interest on the defaulted amounts.
74. Trustee
REC has appointed SBICAP Trustee Company Limited to act
as the Trustee for the Bondholders. For further details, please
refer section Terms of the Issue-Trustee on page 53 of the
Prospectus Tranche 1
75. Pre-Issue Advertisement
Our Company will issue a statutory advertisement on or before
the Issue Opening Date. This advertisement will contain the information as prescribed under Debt Regulations. Material updates, if any, between the date of filing of the Shelf Prospectus
and Prospectus Tranche-1 with ROC and the date of release of
the statutory advertisement will be included in the statutory advertisement.
76. Impersonation
As a matter of abundant caution, attention of the Investors is
specifically drawn to the provisions of sub-section (1) of Section 68A of the Companies Act which is reproduced below:
Any person who makes in a fictitious name an application to a
company for acquiring, or subscribing for, any shares therein, or
otherwise induces a company to allot, or register any transfer of
shares therein to him, or any other person in a fictitious name,
26

shall be punishable with imprisonment for a term which may


extend to five years.
77. Succession
For further details, please refer section Terms of the Issue-Succession on page 52 of the Prospectus Tranche 1
78. Jurisdiction
The Bonds, the Bond Trust Deed and other relevant documents
shall be governed by and construed in accordance with the laws
of India. For the purpose of this Issue and any matter related to
or ancillary to the Issue the Courts of New Delhi, India shall
have exclusive jurisdiction.
79. Withdrawal of Applications during the Issue Period
Withdrawal of ASBA Applications
ASBA Applicants can withdraw their ASBA Applications during the Issue Period by submitting a request for the same to
Members of the Syndicate or Trading Members of the Stock
Exchanges or the Designated Branch, as the case may be,
through whom the ASBA Application had been placed. In case
of ASBA Applications submitted to the Members of the Syndicate or Trading Members of the Stock Exchanges at the Specified Cities, upon receipt of the request for withdrawal from the
ASBA Applicant, the relevant Members of the Syndicate or
Trading Members of the Stock Exchanges, as the case may
be, shall do the requisite, including deletion of details of the
withdrawn ASBA Application Form from the electronic system
of the Stock Exchanges. In case of ASBA Applications submitted directly to the Designated Branch of the SCSB, upon receipt
of the request for withdrawal from the ASBA Applicant, the relevant Designated Branch shall do the requisite, including deletion of details of the withdrawn ASBA Application Form from
the electronic system of the Stock Exchanges and unblocking of
the funds in the ASBA Account directly.
Withdrawal of Non-ASBA Applications
Non-ASBA Applicants can withdraw their Applications during
the Issue Period by submitting a request for the same to Members of the Syndicate or Trading Members of the Stock Exchanges, as the case may be, through whom the Application had
been placed. Upon receipt of the request for withdrawal from
the Applicant, the relevant Members of the Syndicate or Trading Members of the Stock Exchanges, as the case may be,
shall do the requisite, including deletion of details of the withdrawn Non-ASBA Application Form from the electronic system
of the Stock Exchanges.
80. Withdrawal of Applications after the Issue Period
In case an Applicant wishes to withdraw the Application after
the Issue Closing Date, the same can be done by submitting
a withdrawal request to the Registrar to the Issue prior to the
finalization of Allotment.
81. Revision of Applications
Applicants may revise/ modify their application details during
the Issue Period, as allowed/permitted by the Stock Exchanges,
by submitting a written request to the Members of the Syndicate/
Trading Member/SCSBS, as the case may be. However, for the
purpose of allotment the date of original upload of the application will be considered in case of such revision/modification.
Revision of Applications is not permitted after the expiry of the
time for acceptance of Application Forms on Issue Closing Date.
82. Depository Arrangements
We have made depository arrangements with NSDL and

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


CDSL for issue and holding of the Bonds in dematerialised
form. Please note that Tripartite Agreements have been executed between our Company, the Registrar and both the Depositories.
As per the provisions of the Depositories Act, 1996, the
Bonds issued by us can be held in a dematerialised form. In
this context:
(i) Tripartite Agreement dated November 15, 2007 between
us, the Registrar to the Issue and NSDL and dated October 16, 2007, between us, the Registrar to the Issue and
CDSL, for offering depository option to the investors.
(ii) An Applicant must have at least one beneficiary account
with any of the Depository Participants (DPs) of NSDL
or CDSL prior to making the Application.
(iii) The Applicant must necessarily provide the DP ID and Client ID details in the Application Form.
(iv) Bonds Allotted to an Applicant in the electronic form will
be credited directly to the Applicants respective beneficiary account(s) with the DP.
(v) Applications can be in single or joint names (not exceeding
three names). In case of Applications in joint names for Allotment of Bonds, the names should be in the same Order as
the appearing in the records of the Depository Participant.
(vi) Non-transferable Allotment Advice/ refund Orders will be
directly sent to the Applicant by the Registrar to this Issue.
(vii) It may be noted that Bonds in electronic form can be traded
only on the Stock Exchanges having electronic connectivity
with NSDL or CDSL. NSE and BSE have connectivity with
NSDL and CDSL.
(viii) Interest or other benefits with respect to the Bonds held
in dematerialised form would be paid to those Bondholders
whose names appear on the list of beneficial owners given
by the Depositories to us as on Record Date. In case of
those Bonds for which the beneficial owner is not identified
by the Depository as on the Record Date, we would keep in
abeyance the payment of interest or other benefits, till such
time that the beneficial owner is identified by the Depository and conveyed to us, whereupon the interest or benefits
will be paid to the beneficiaries, as identified, within a period of 30 days.
(ix) The trading of the Bonds on the floor of the Stock Exchanges shall be in dematerialised form only.
Please also refer to Instructions for completing the Application Form - Applicants Depository Account and Bank Account Details on page 60 of the Prospectus Tranche -1.
Please note that the Bonds shall cease to trade from the Record
Date (for payment of the principal amount and the applicable
premium for such Bonds) prior to redemption of the Bonds.
PLEASE NOTE THAT TRADING OF BONDS ON THE
FLOOR OF THE STOCK EXCHANGES SHALL BE IN
DEMATERIALISED FORM ONLY IN MULTIPLES OF
ONE BOND.
Allottees will have the option to re-materialise the Bonds Allotted under the Issue as per the provisions of the Act and the
Depositories Act.
83. Communications
All future communications in connection with Applications made in this Issue should be addressed to the

Registrar to the Issue quoting the full name of the sole


or first Applicant, Application Form number, Applicants DP ID and Client ID, Applicants PAN, number of
Bonds applied for, date of the Application Form, name
and address of the Members of the Syndicate or Trading
Members of the Stock Exchanges or Designated Branch,
as the case may be, where the Application was submitted, and cheque/ draft number and issuing bank thereof
or with respect to ASBA Applications, ASBA Account
number in which the amount equivalent to the Application Amount was blocked. All grievances relating to the
ASBA process may be addressed to the Registrar to the
Issue, with a copy to the relevant SCSB.
Applicants may contact our Compliance Officer (and Company Secretary) or the Registrar to the Issue in case of any
pre-Issue or post-Issue related problems such as non-receipt
of Allotment Advice, refunds, interest on application money or credit of Bonds in the respective beneficiary accounts,
as the case may be.
84. Nomination Facility
In accordance with Section 109A of the Companies Act, the
sole or first Applicant, with other joint Applicants, may nominate any one person in whom, in the event of the death of sole
Applicant or in case of joint Applicants, death of all the Applicants, as the case may be, the Bonds Allotted, if any, will vest.
A nominee entitled to the Bonds by reason of the death of the
original holder(s), will, in accordance with Section 109A of the
Companies Act, be entitled to the same benefits to which he or
she will be entitled if he or she were the registered holder of the
Bonds. Where the nominee is a minor, the holder(s) may make
a nomination to appoint, in the prescribed manner, any person
to become entitled to Bonds in the event of the holders death
during minority. A nomination will stand rescinded on a sale/
transfer/alienation of Bonds by the person nominating. A buyer
will be entitled to make a fresh nomination in the manner prescribed. Fresh nomination can be made only on the prescribed
form available on request at our Registered and Corporate Office of the Company or with the Registrar to the Issue.
In accordance with Section 109B of the Companies Act, any
person who becomes a nominee by virtue of Section 109A of the
Companies Act will on the production of such evidence as may
be required by the Board, elect either:
to register himself or herself as holder of Bonds; or
to make such transfer of the Bonds, as the deceased holder
could have made.
Further, SEBI may at any time give notice requiring any nominee to choose either to be registered himself or herself or to
transfer the Bonds, and if the notice is not complied with within
a period of 90 days, the Board may thereafter withhold payment
of all interest, principal, dividend, bonuses or other monies payable in respect of the Bonds, until the requirements of the notice
have been complied with. For Applicants who opt to hold the
Bonds in physical form, the Applicants are require to fill in the
details for nominees as provided in the Application Form.
In case of Application for allotment of Bonds in dematerialised
form, there is no need to make a separate nomination with our
Company. Nominations registered with the respective Depository Participant of the Applicant will prevail. If Applicants want
to change their nomination, they are advised to inform their respective Depository Participant.

RURAL ELECTRIFICATION CORPORATION LIMITED

27

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


85. Interest in case of Delay
Our Company undertakes to pay interest, in connection with any
delay in allotment, demat credit and refunds, beyond the time
limit as may be prescribed under applicable statutory and/or
regulatory requirements, at such rates as stipulated under such
applicable statutory and/or regulatory requirements.
86. Pre-closure
Our Company, in consultation with the Lead Managers reserves
the right to close the Issue at any time prior to the Issue Closing Date. In the event of such early closure of the subscription
list of the Issue, our Company shall ensure that public notice of
such early closure is published on or before the day of such early
date of closure through advertisement(s) in at least one leading
national daily newspaper.
87. Utilisation of Application Money
The sum received in respect of the Issue will be kept in separate
bank accounts and we will have access to such funds as per applicable provisions of law(s), regulations and approvals.
88. Utilisation of Issue Proceeds
(a) All monies received pursuant to the Issue of Bonds to
public shall be transferred to a separate bank account
other than the bank account referred to in sub-section (3)
of section 73 of the Act.
(b) Details of all monies utilised out of Issue referred to
in sub-item (a) shall be disclosed under an appropriate
separate head in our Balance Sheet indicating the purpose for which such monies had been utilised; and
(c) c) Details of all unutilised monies out of issue of
Bonds, if any, referred to in sub-item (a) shall be disclosed under an appropriate separate head in our Balance Sheet indicating the form in which such unutilised
monies have been invested.
(d) We shall utilise the Issue proceeds only upon execution of
the documents for creation of security as stated in the Shelf
Prospectus.
(e) The Issue proceeds shall not be utilised towards full or part
consideration for the purchase or any other acquisition, inter alia by way of a lease, of any immovable property.
89. Filing of the Prospectus with ROC
A copy of the relevant Prospectus Tranche - 1 shall be filed with
the Registrar of Companies, National Capital Territory of Delhi
and Haryana, in terms of section 56 and section 60 of the Act.
90. Listing
The Bonds offered through the Shelf Prospectus, Shelf Prospectus and relevant Tranche Prospectus are proposed to be listed
on the BSE and the NSE.Our Company has obtained an inprinciple approvals for the Issue from the BSE vide their letter
DCS/SP/PI-BOND/17/12-13 dated November 23, 2012 and
from NSE vide their letter NSE/LIST/187231-2 dated November 23, 2012. For the purposes of the Issue, NSE shall be the
Designated Stock Exchange.
If permissions to deal in and for an official quotation of our
Bonds are not granted by the BSE and/or the NSE, our Company will forthwith repay, all moneys received from the Applicants in pursuance of the Shelf Prospectus and relevant Tranche
Prospectus, without interest.
Our Company shall use best efforts to ensure that all steps for
completion of the necessary formalities for commencement of
28

trading at the Stock Exchanges where the Bonds are proposed


to be listed are taken within 12 Working Days from the Issue
Closing Date.
For the avoidance of doubt, it is hereby clarified that in the
event of non subscription to any one or more of the Series, such
Series(s) of Bonds shall not be listed.
91. Undertaking by the Issuer
We undertake that:
(a) We will comply with all the applicable provisions stipulated
in SEBI Debt Regulations;
(b) complaints received in respect of the Issue will be attended
to by us expeditiously and satisfactorily;
(c) necessary cooperation to the credit rating agency(ies) will
be extended in providing true and adequate information until the debt obligations in respect of the Bonds are outstanding;
(d) we will take necessary steps for the purpose of getting the
Bonds listed within the specified time, i.e., 12 Working
Days of the Issue Closing Date;
(e) funds required for dispatch of refund orders/Allotment Advice/certificates by registered post will be made available
by us to the Registrar to the Issue;
(f) all monies received pursuant to the Issue will be transferred
to a separate bank account other than the bank account referred to in sub-section (3) of section 73 of the Companies
Act.
(g) the Company will forward details of utilisation of the Issue Proceeds, duly certified by the Statutory Auditor, to the
Trustee at the end of each half year.
(h) the Company will provide a compliance certificate to the
Trustee on an annual basis in respect of compliance with the
terms and conditions of the Issue of Bonds as contained in
the relevant Tranche Prospectus.
(i) details of all monies utilised out of the Issue Proceeds
will be disclosed under an appropriate separate head in
the Companys Balance Sheet, indicating the purpose for
which such monies had been utilised.
(j) details of all unutilised monies out of the Issue Proceeds, if
any, will be disclosed under an appropriate separate head in
the Companys Balance Sheet, indicating the form in which
such unutilised monies have been invested.
(k) the Company will disclose the complete name and address
of the Trustee in its annual report.
DETAILS PERTAINING TO THE COMPANY
A. GENERAL INFORMATION
Our Company was incorporated as a private limited company
under the Companies Act, 1956 on July 25, 1969 at New Delhi as Rural Electrification Corporation Private Limited. The
word private was deleted from the name of our Company on
June 03, 1970. Our Company became a deemed public limited
company with effect from July 01, 1975. Our Company was
converted into a public limited company with effect from July
18, 2003. For further details in relation to the corporate history
of our Company, see the section titled History and Certain
Corporate Matters on page 122 of the Shelf Prospectus.
Registered and Corporate Office
Our registered and corporate office is presently situated at Core
4, SCOPE Complex, 7, Lodhi Road, New Delhi 110 003, India.

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Details
Registration/Identiy number
Registration Number
005095
Corporate Identity Number
L40101DL1969GOI005095
RBI Registration Number 14.000011
classifying the Company as
Infrastructure Finance Company
For details on changes in our Registered Office, see History
and Certain Corporate Matters on page 122 of the Shelf Prospectus.
Address of the Registrar of Companies
The Registrar of Companies
National Capital Territory of Delhi and Haryana
4th Floor, IFCITower, 61, Nehru Place
New Delhi 110 019, India
Tel: +91 11 2623 5704
Facsimile: +91 11 2623 5702
Company Secretary, Compliance Officer and Director (Finance)
Our Company Secretary is Mr. J. S. Amitabh, Compliance Officer for the Issue is Mr. Rajesh Kumar, Chief Manager (Finance) and Director (Finance) is Mr. Ajeet Kumar Agarwal.

C. OUR MANAGEMENT
Under our Articles of Association, we are required to have not
less than three directors and not more than fifteen directors. We
currently have eight directors out of which three are executive
Directors including the Chairman and Managing Director, four
Part-time Non-official Independent Directors and one Government Nominee Director
Our Board
The following table sets forth details regarding our Board as on
the date of the Shelf Prospectus.
Name
Shri Rajeev Sharma
Shri Prakash Thakkar

Shri Ajeet Kumar


Agarwal

The equity share capital of our Company, as on the date of the


Shelf Prospectus, is set forth below:
(` in crores)
Aggregate
Value at
nominal value
A) AUTHORISED SHARE CAPITAL
1,200,000,000 Equity Shares
B)

1,200.00

ISSUED, SUBSCRIBED AND PAID UP


SHARE CAPITAL

987,459,000 Equity Shares

987.46

3,222.43
C) SECURITIES PREMIUM ACCOUNT
For further details, please refer sectionCapital Structure on
page page 64 of the Shelf Prospectus.

Director (Finance)
Executive Director
Non- Independent Director
Government Nominee Director
Non-Executive Director
Non-Executive Director
Independent Director

Shri Badri Narain


Sharma
Dr. Devi Singh

B. CAPITAL STRUCTURE

Designation
Chairman and Managing
Director
Non-Independent Director
Director (Technical)
Executive Director
Non-Independent Director

Non-Executive Director
Independent Director
Non-Executive Director
Independent Director
Non-Executive Director
Independent Director
For further details, please refer to the section Our Management
on page 136 of the shelf prospectus
None of our Directors name is appearing on the RBI Defaulter
List and/or Export Credit Guarantee Corporation defaulter list.
Relationship with other Directors
None of the Directors of the Company are, in any way, related
to each other.
Dr. Govinda Marapalli
Rao
Shri Venkataraman
Subramanian
Dr. Sunil Kumar Gupta

E. DEBT - EQUITY RATIO


(All figures are in (`) crores)
Description
Debt
Short Term Debt ##
Long Term Debt
Total Debt
Shareholders Funds
Share Capital
Reserves & Surplus
Total Shareholders Funds
Debt to Equity Ratio (times)
[Total Debt/Shareholders' Funds]

Standalone
Pre Issue ^
Post Issue *#

2,500.00
2,500.00
87,556.47
92,556.47
90,056.47
95,056.47

987.46
987.46
13,757.46
13,757.46
14,744.92
14,744.92
6.11
6.45

^ Pre Issue Standalone and Consolidated figures are as on March 31, 2012.

Consolidated
Pre Issue ^
Post Issue *#

2,501.71
2,501.71
87,556.47
92,556.47
90,058.18
95,058.18

987.46
987.46
13,818.42
13,818.42
14,805.88
14,805.88
6.08
6.42

RURAL ELECTRIFICATION CORPORATION LIMITED

29

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


* Post Issue Standalone and Consolidated Ratios has been calculated based upon the assumption that the issue of ` 5,000 crore is fully subscribed
and there is no change in Shareholders Funds and Short Term Debt.
# Any change in Debt and Shareholders Funds after March 31, 2012 has not been considered
## Short term debt includes Cash Credits, Commercial Paper and Other Short term Loans from Banks.

F. FINANCIAL INFORMATION
STANDALONE REFORMATTED STATEMENT OF ASSETS AND LIABILITIES
(` in Crores)

I.
(1)

(2)

(3)

II.
(1)

30

Note
No.
EQUITY AND LIABILITIES
Shareholders' Funds
A
(a) Share Capital
B
(b) Reserves and
Surplus
Sub-total (1)

Non-current Liabilities
C
(a) Long-term
Borrowings
(b) Deferred Tax
Liabilties (Net)
D
(c) Other Long-term
Liabilities
E
(d) Long-term
Provisions
Sub-total (2)

Current Liabilities
F
(a) Short-term
Borrowings
G
(b) Other current
liabilities
E
(c) Short-term
Provisions
Sub-total (3)

Particulars

Total (1+2+3)
ASSETS
Non-current Assets
(a) Fixed assets
(i) Tangible Assets

(ii) Intangible Assets

As at
31.03.2012

31.03.2011

(iii) Capital work-in-progress

(iv) Intangible
Assets
under Develop-ment

I
(b) Non-current
Investments
(c) Deferred Tax Assets
(Net)

31.03.2009

31.03.2008

987.46
13,757.46

987.46
11,801.16

987.46
10,092.88

858.66
5,331.42

858.66
4,509.05

14,744.92

12,788.62

11,080.34

6,190.08

5,367.71

76,553.68

61,173.02

45,834.75

31,860.91

31,873.50

956.69

817.08

26.19

61.78

49.76

33.62

28.17

19.10

76,641.65

61,222.78

45,868.37

32,845.77

32,709.68

2,500.00

375.00

3,080.00

2,595.00

1,128.00

14,502.37

11,625.58

8,994.84

12,926.50

2,769.93

339.65

500.69

529.60

311.32

349.10

17,342.02

12,501.27

12,604.44

15,832.82

4,247.03

1,08,728.59

31.03.2010

86,512.67

69,553.15

54,868.67

42,324.42

68.24
2.22

62.17
3.08

63.16
3.94

56.62
0.02

55.39
0.02

7.92

3.01

3.02

4.47

2.70

0.10

78.48
710.43

68.26
789.65

70.12
862.70

61.11
957.70

58.11
1,053.08

10.05

12.77

7.37

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

(2)

(d) Foreign Currency


Monetary Item
Translation
Difference Account
(e) Long-term Loans &
Advances
(f) Other Non-current
Assets
Sub-total (1)
Current Assets
(a)
Current
Investments
(b)
Cash & Cash
Equivalents
(c)
Short-term Loans
& Advances
(d)
Other Current
Assets

Sub-total (2)

Total (1+2)

As at

Note
No.

Particulars

31.03.2012
181.88

31.03.2011

31.03.2010

31.03.2009

31.03.2008

89,985.31

73,206.57

58,931.50

45,544.08

33,531.78

247.92

364.18

434.99

760.46

760.19

74,441.43
60,306.68
47,323.35

47.16
47.16
47.16

35,403.16

91,214.07

47.16

5,311.48

2,831.89

1,390.31

1,886.04

1,253.04

2,967.50

1,200.00

1,728.33

0.11

571.13

9,188.38

7,992.19

6,080.67

5,612.01

5,002.77

17,514.52

12,071.24

9,246.47

7,545.32

6,921.26

1,08,728.59

86,512.67

69,553.15

54,868.67

42,324.42

94.32

STANDALONE REFORMATTED STATEMENT OF PROFIT AND LOSS


(` in Crores)

I.

Revenue from
Operations
II. Other Income
III. Total Revenue (I+II)
IV. Expenses
(i) Finance Costs
(ii) Employee Benefits
Expense
(iii) Depreciation &
Amortization
(iv) Other Expenses
(v) Allowance for Bad &
Doubtful Debts
(vi) Allowance for
Rescheduled Loans
(vii) Allowance for
Diminution in
Investments
(viii) Foreign Currency
Exchange Fluctuation
Loss
Total Expenses (IV)
V.
Profit before Prior
Period Items & Tax
(III-IV)
VI. Prior Period Items

Year ended

Notes
No.

Particulars

O
P
Q
R

31.03.2012
10,337.59

31.03.2011
8,256.91

31.03.2010
6,549.76

31.03.2009
4,757.17

31.03.2008
3,378.22

171.48
10,509.07

238.35
8,495.26

157.84
6,707.60

174.11
4,931.28

159.44
3,537.66

6,378.80
170.97

4,851.01
127.47

3,912.85
117.10

2,898.70
87.22

2,063.16
92.30

3.27

3.03

2.15

1.36

1.39

58.35
49.09

34.02
0.22

28.07
0.22

24.28
2.37

19.30
39.99

3.18

1.06

52.55

9.59

6,716.21
3,792.86

5,015.75
3,479.51

4,060.39
2,647.21

3,014.99
1,916.29

2,225.73
1,311.93

3.23

0.10

-0.39

0.57

RURAL ELECTRIFICATION CORPORATION LIMITED

31

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

Particulars

Year ended

Notes
No.

31.03.2012
31.03.2011
31.03.2010
31.03.2009
31.03.2008
Profit before Tax (V3,792.86
3,476.28
2,647.11
1,916.68
1,311.36
VI)

VIII. Tax Expense :

(i) Current Year

974.59
908.12
693.53
504.99
373.80
(ii) Earlier Years/ (Refunds)
-1.48
3.64
-48.35
(iii) Deferred Tax

2.72
-5.41
0.51
139.61
77.41
Total Tax Expense
975.83
906.35
645.69
644.60
451.21
(i+ii+iii)

IX. Profit for the period


2,817.03
2,569.93
2,001.42
1,272.08
860.15
from Continuing
Operations (VII-VIII)
X. Profit from
Discontinuing
Operations (after tax)
XI. Profit for the period
2,817.03
2,569.93
2,001.42
1,272.08
860.15
(IX+X)

XII. Earnings per Equity


Share (in ` for an

equity share of ` 10
each)

28.53
26.03
23.06
14.81
10.94

(1) Basic

28.53
26.03
23.06
14.81
10.94

(2) Diluted

For further details, please refer to APPENDIX - I of the Shelf Prospectus.

VII.

LEGAL AND OTHER INFORMATION


A. REGULATIONS AND POLICIES
For further details, please refer section Regulations and Policies on page 118 of the Shelf Prospectus.
B. PENDING PROCEEDINGS AND STATUTORY DEFAULTS
OUTSTANDING LITIGATION AND MATERIAL DEVELOPMENT
Except as stated in the section titled Outstanding Litigation and
Material Developments on page 189 of the Shelf Prospectus
dated November 26, 2012 there are no outstanding litigation,
suits, criminal or civil prosecutions, statutory or legal proceedings including those for economic offences, tax liabilities, show
cause notices or legal notices pending against our Company, our
Subsidiaries and our Directors and there are no defaults including non payment of statutory dues, over-dues to banks/financial
institutions, defaults against banks/financial institutions, defaults
in dues payable to holders of any debenture, bonds and fixed deposits issued by our Company, defaults in creation of full security
as per the terms of issue/other liabilities, proceedings initiated for
economic/civil/ any other offences (including past cases where
penalties may or may not have been awarded and irrespective
of whether they are specified under paragraph (I) of Part 1 of
Schedule XIII of the Companies Act) other than unclaimed liabilities of our Company or our Subsidiaries except as stated below,
and no disciplinary action has been taken by SEBI or any stock
exchange against our Company or Directors or Subsidiaries. Unless stated to the contrary, the information provided below is as
on the date of the Shelf Prospectus.
Neither our Company nor our Subsidiaries, associates and Directors were associated in the past, have been declared as wilful
32

defaulters by the RBI or any other Governmental authority and,


except as disclosed in this Section in relation to litigation, there
are no violations of securities laws committed by us in the past
or pending against us.
Litigation involving our Company
A. Income Tax Matters
Assessment year 2003-2004
(i) The Assessing Officer, Income Tax Department vide Order dated December 28, 2010 raised a demand of ` 19.26
crores under Section 147/143 (3) of the Income Tax Act
for the assessment year 2003-2004. Aggrieved by the demand raised by the Income Tax Department, we filed an
appeal before the CIT (Appeals) (Appeal No. 34/10-11)
on February 01, 2011 challenging the assessment Order
dated December 28, 2010 on the grounds, inter alia, of
reopening of regular assessment beyond the permissible
time limit, disallowance of expenditure towards issue of
Bond/Debt Instrument as tax deductible revenue expenditure by treating the same as capital expenditure and addition of income by treating the interest income earned
on Special Reserve Fund created by Cooperative societies
out of the interest forgone by us as our income. The matter is currently pending before CIT (Appeals).
Assessment year 2005-2006
(ii) The Assessing Officer, Income Tax Department vide Order dated January 31, 2006 raised a demand of ` 12.81
crores under Section 143 (3) of the Income Tax Act for
the assessment year 2005-2006. Aggrieved by the demand raised by the Income Tax Department, we filed an
appeal before the CIT(Appeals) (Appeal No. 106/05-06)
on March 09, 2006, challenging the assessment order
dated January 31, 2006 on the grounds, inter alia, of

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


disallowance of certain deductions derived from consultancy, management fees, upfront fees and swapping
premium for computation of Deduction under Section
36(1)viii , deductions under Sections 36(1)(viia) regarding provision for Bad and Doubtful Debts, not allowing
prior period expenses and initiating penalty proceedings
under Section 271(1)(c) of the Income Tax Act. The
CIT(Appeals) vide its order dated October 6, 2006 dismissed our appeal and upheld the order of the Income
Tax Department. Aggrieved by the order of CIT (Appeals), we have preferred an appeal before the ITAT on
January 18, 2007 challenging the order of CIT(Appeals).
The matter is currently pending before the ITAT.
(iii) The Assessing Officer, Income TaxDepartment vide
Order dated December 07, 2011 raised a demand of `
0.97 crores after reopening the earlier assessment under
Section 143 (3) of the Income Tax Act for the assessment year 2005-2006. Aggrieved by the demand raised
by the Income Tax Department, we filed an appeal before the CIT(Appeals) on January 18, 2012 challenging
the assessment Order dated December 07, 2011 on the
grounds, inter alia, of addition of income by treating
the interest income earned on Special Reserve Fund created by Cooperative societies out of the interest forgone
by us as our income. The matter is currently pending
before CIT (Appeals). Further the IT Department vide
order dated 30.08.2012 under Section 154/143(3) raised
an additional demand of ` 0.48 crores. The matter is
currently pending before CIT (Appeals).
Assessment Year 2006-2007
(iv) The Assessing Officer, Income Tax Department vide Order dated January 30, 2009 raised a demand of ` 3.64
crores under Section 154/143(3) of the Income Tax Act
for the assessment year 2006-2007. Aggrieved by the demand raised by the Income Tax Department, we filed an
appeal before the CIT (Appeals) (Appeal No.24/08-09)
on March 02, 2009 challenging the assessment Order dated December 19, 2008 on the grounds of disallowance of
deduction under Section 36(1)viii of the Income Tax Act
in respect of swapping premium, disallowance of deduction under Section 36(1)vii(a)c of the Income Tax Act and
disallowance on account of prior period expenses. The
Assessing Officer, Income Tax Department vide order
dated August 17, 2010 raised a further demand of ` 0.55
crores by rectifying the original assessment order under
Section 154/143(3) of Income Tax Act. The matter is currently pending before CIT (Appeals).
(v) Assessing Officer, Income Tax Department vide Order
dated December 07, 2011 raised a demand of ` 0.94
crores after reopening the earlier assessment under Section 143 (3) of the Income Tax Act for the assessment
year 2006-2007. Aggrieved by the demand raised by
the Income Tax Department, we filed an appeal before the CIT(Appeals) on January 18, 2012 challenging
the assessment Order dated December 07, 2011 on the
grounds, inter alia, of addition of income by treating the
interest income earned on Special Reserve Fund created
by Cooperative societies out of the interest forgone by
us as our income. The matter is currently pending before
CIT (Appeals).

Assessment Year 2008-2009


(vi) The Assessing Officer, Income Tax Department vide
Order dated December 28, 2010 raised a demand of `
8.15 crores under Section 143 (3) of the Income Tax
Act for the assessment year 2008-2009. Aggrieved by
the demand raised by the IT Department, we filed an
appeal before the CIT (Appeals) (Appeal No. 35/10-11)
on February 01, 2011, challenging the assessment Order
dated December 28, 2010 on the grounds, inter alia, of
disallowance of deduction under Section 36(1)viii of the
Income Tax Act in respect of Bridge Loan, disallowance
of expenditure towards provision for Post Retirement
Benefit and addition of income by treating the interest
income earned on Special Reserve Fund created by Cooperative societies out of the interest forgone by us as
our income. The matter is currently pending before CIT
(Appeals).
(vii) Assessing Officer, Income Tax Department vide Order
dated December 28, 2010 raised a demand of ` 0.48 crores
under Section 115WE(3) of the Income Tax Act for the assessment year 2008-2009. Aggrieved by the demand raised
by the Income Tax Department, we filed an appeal before
the CIT (Appeals) (Appeal No. 36/10-11) on February 01,
2011, challenging the Order dated December 28, 2010 on
the grounds, inter alia, of disallowance of Fringe Benefit
Tax. The matter is currently pending before CIT (Appeals)
Assessment Year 2009-2010
(viii) The Assessing Officer, Income Tax Department
vide order dated December 14, 2011 raised a demand
of ` 2.17 crores under Section 143 (3) of the Income
Tax Act for the assessment year 2009-10. Aggrieved by
the demand raised by the Income Tax Department, we
filed an appeal before the CIT (Appeals) on January 18,
2012 challenging the assessment order dated December
14, 2011 on the grounds, inter alia, of disallowance of
expenditure towards provision for Post Retirement Benefit, disallowance of expenditure for earning exempt
income under Section 14A of Income Tax Act and addition of income by treating the interest income earned on
Special Reserve Fund created by Cooperative societies
out of the interest forgone by us as our income. The matter is currently pending before CIT (Appeals).
For further details, please refer to the section Outstanding Litigations
and Material Developments on page 189 of the Shelf Prospectus.
B. OTHER REGULATORY
DISCLOSURES

AND

STATUTORY

Authority for the Issue


The Board of Directors, at their meeting held on May 23, 2012
have approved the Issue of Tax Free Secured Redeemable NonConvertible Bonds of face value of ` 1,000 each in the nature of
Debentures, having benefits under Section 10(15)(iv)(h) of the
Income Tax Act, for an amount aggregating upto ` 5,000 crores
in one or more Tranches in fiscal 2013, subject to the provisions
of the CBDT Notification.
In accordance with the terms of the CBDT Notification, the aggregate value of the Bonds (having benefits under Section 10(15)
(iv) (h) of the Income Tax Act) to be issued by the Company
during the Fiscal 2013 shall not exceed ` 5,000 crores. Thus,
the Company shall issue Tax Free Bonds on or prior to March

RURAL ELECTRIFICATION CORPORATION LIMITED

33

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


31, 2013, for an amount aggregating upto ` 5,000 crores* as
approved by the Board.
*Pursuant to the CBDT Notification, the Company has raised `500
crores through the private placement of Bonds. Consequently the
Shelf Limit which was `5000 crores in the Draft Shelf Prospectus stands reduced to ` 4500 crores. Pursuant to the CBDT Notification, the Company has raised `500 crores through the private
placement of Bonds. Consequently the Shelf Limit which was mentioned as `5000 crores in the Draft Shelf Prospectus stands reduced
to `4500 crores. This Limit shall be applicable for raising further
funds through public issue route and/or the private placement route
such that at least 75% of the allocated amount under the CBDT
Notification shall be raised through the public issue route.
Consents
Consents in writing of the Directors, the Compliance Officer,
the Statutory Auditors, Bankers to the Company, Bankers to the
Issue, Lead Managers, Registrar to the Issue, Legal Counsel to
the Issue, Credit Rating Agencies, Consortium Members for
marketing of the Issue and the Trustee for the Bondholders, to
act in their respective capacities, have been obtained and shall
be filed along with a copy of Shelf Prospectus and/or relevant
Tranche Prospectus(es) with the RoC.
The Company has appointed SBICAP Trustee Company Limitedas Trustee under regulation 4(4) of the SEBI Debt Regulations. The Trustee has given its consent to the Company for its
appointment under regulation 4(4) and also in all the subsequent
periodical communications sent to the holders of debt securities.
Expert Opinion
Except the letters dated November 09, 2012 and November 08,
2012 issued by CARE and IRRPL, respectively, in respect of
the credit rating for the Bonds, the Auditors Reports on our
Reformatted Standalone Financial Statements for the 5 years
ended March 31, 2008, 2009, 2010, 2011 and 2012 dated
November 14, 2012 and Reformatted Consolidated Financial
Statements as on and for the years ended March 31, 2008,
2009, 2010, 2011 and 2012 dated November 14, 2012, Limited
Review Report dated November 14, 2012 and Statement of Tax
Benefits dated November 14, 2012 issued by M/s Bansal & Co.
and M/s P.K. Chopra & Co, REC has not obtained any other
expert opinion.
No Reservation or Discount
There is no reservation in this Issue nor will any discount be offered in this Issue, to any category of investors.
Common Form of Transfer
The Issuer undertakes that there shall be a common form of
transfer for the Bonds held in physical form and relevant provisions of the Companies Act, 1956 and other applicable laws
shall be duly complied with in respect of all transfer of bonds
and registration thereof. Bonds held in dematerialised form shall
be transferred subject to and in accordance with the rules/procedures as prescribed by NSDL/CDSL and the relevant Depositary
Participants of the transferor or transferee and any other applicable laws and rules notified in respect thereof.Previous Public or
Rights Issues by the Company during last five years
Commission or Brokerage on Previous Issues
For further details, please refer section Other Regulatory and
Statutory Disclosures-Commission or Brokerage on Previous
Issues on page 32 of the Prospectus Tranche 1
Change in auditors of Our Company during the last three years
34

For further details, please refer section Other Regulatory


and Statutory Disclosures-Change in auditors of Our Company during the last three years on page 32 of the Prospectus
Tranche 1
Revaluation of assets
Our Company has not revalued its assets in the last five years
Eligibility to make the Issue
The Company, the persons in control of the Company or its promoter have not been restrained, prohibited or debarred by SEBI
from accessing the securities market or dealing in securities and
no such orderor direction is in force.
Disclaimer clause of BSE
BSE LIMITED (THE EXCHANGE) HAS GIVEN VIDE
ITS LETTER DATED NOVEMBER 23, 2012, PERMISSION TO THIS COMPANY TO USE THE EXCHANGES
NAME IN THIS OFFER DOCUMENT AS ONE OF THE
STOCK EXCHANGES ON WHICH THIS COMPANYS
SECURITIES ARE PROPOSED TO BE LISTED. THE
EXCHANGE HAS SCRUTINUZED THIS OFFER DOCUMENT FOR ITS LIMITED INTERNAL PURPOSE OF
DECIDING ON THE MATTER OF GRANTING THE
AFORESAID PERMISSION TO COMPANY. THE EXCHANGE DOES NOT IN ANY MANNER:
(a) WARRANT, CERTIFY OR ENDORSE THE CORRECTNESS OR COMPLETENESS OF ANY OF THE
CONTENTS OF THIS OFFER DOCUMENT; OR
(b) WARRANT THAT THIS COMPANYS SECURITIES
WILL BE LISTED OR WILL CONTINUE TO BE
LISTED ON THE EXCHANGE; OR
(c) TAKE ANY RESPONSIBILITY FOR THE FINANCIAL OR OTHER SOUNDNESS OF THIS COMPANY, ITS PROMOTERS, ITS MANAGEMENT OR
ANY SCHEME OR PROJECT OF THIS COMPANY;
AND IT SHOULD NOT FOR ANY REASON BE DEEMED
OR CONSTRUED THAT THIS OFFER DOCUMENT HAS
BEEN CLEARED OR APPROVED BY THE EXCHANGE.
EVERY PERSON WHO DESIRES TO APPLY FOR OR
OTHERWISE ACQUIRES ANY SECURITIES OF THIS
COMPANY MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATION AND ANALYSIS AND
SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGE WHATSOEVER BY REASON OF ANY LOSS
WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH SUCH SUBSCRIPTION/ACQUISITION WHETHER BY REASON
OF ANYTHING STATED OR OMITTED TO BE STATED
HEREIN OF FOR ANY OTHER REASON WHATSOEVER.
Disclaimer clause of NSE
AS REQUIRED, A COPY OF THIS DRAFT SHELF PROSPECTUS HAS BEEN SUBMITTED TO NATIONAL
STOCK EXCHANGE OF INDIA LIMITED (HEREINAFTER REFERRED TO AS NSE). NSE HAS GIVEN VIDE ITS
LETTER REF.: NSE/LIST/187231-2 DATED NOVEMBER
23, 2012 PERMISSION TO THE ISSUER TO USE THE
EXCHANGES NAME IN THIS DRAFT SHELF PROSPECTUS AS ONE OF THE STOCK EXCHANGES ON
WHICH THIS ISSUERS SECURITIES ARE PROPOSED
TO BE LISTED. THE EXCHANGE HAS SCRUTINIZED
THIS DRAFT SHELF PROSPECTUS FOR ITS LIMITED
INTERNAL PURPOSE OF DECIDING ON THE MAT-

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


TER OF GRANTING THE AFORESAID PERMISSION
TO THIS ISSUER. IT IS TO BE DISTINCTLY UNDERSTOOD THAT THE AFORESAID PERMISSION GIVEN
BY NSE SHOULD NOT IN ANY WAY BE DEEMED OR
CONSTRUED THAT THE DRAFT SHELF PROSPECTUS
HAS BEEN CLEARED OR APPROVED BY NSE; NOR
DOES IT IN ANY MANNER WARRANT, CERTIFY OR
ENDORSE THE CORRECTNESS OR COMPLETENESS
OF ANY OF THE CONTENTS OF THIS DRAFT SHELF
PROSPECTUS; NOR DOES IT WARRANT THAT THIS
ISSUERS SECURITIES WILL BE LISTED OR WILL
CONTINUE TO BE LISTED ON THE EXCHANGE; NOR
DOES IT TAKE ANY RESPONSIBILITY FOR THE FINANCIAL OR OTHER SOUNDNESS OF THIS ISSUER, ITS PROMOTERS, ITS MANAGEMENT OR ANY
SCHEME OF PROJECT OF THIS ISSUER.
EVERY PERSON WHO DESIRES TO APPLY FOR OR
OTHERWISE ACQUIRE ANY SECURITIES OF THIS ISSUER MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATION AND ANALYSIS AND SHALL
NOT HAVE ANY CLAIM AGAINST THE EXCHANGE
WHATSOEVER BY REASON OF ANY LOSS WHICH
MAY BE SUFFERED BY SUCH PERSON CONSEQUENT
TO OR IN CONNECTION WITH SUCH SUBSCRIPTION/
ACQUISITION WHETHER BY REASON OF ANYTHING
STATED OR OMITTED TO BE STATED HEREIN OR
ANY OTHER REASON WHATSOEVER.
Disclaimer Clause of the RBI
THE COMPANY IS HAVING A VALID CERTIFICATE OF
REGISTRATION DATED FEBRUARY 10, 1998 ISSUED
BY THE RESERVE BANK OF INDIA UNDER SECTION
45 IA OF THE RESERVE BANK OF INDIA ACT, 1934.
HOWEVER, THE RBIDOES NOT ACCEPT ANY RESPONSIBILITY OR GUARANTEE ABOUT THE PRESENT POSITION AS TO THE FINANCIAL SOUNDNESS
OF THE COMPANY OR FOR THE CORRECTNESS OF
ANY OF THE STATEMENTS OR REPRESENTATIONS
MADE OR OPINIONS EXPRESSED BY THE COMPANY
AND FOR REPAYMENT OF DEPOSITS/DISCHARGE
OF LIABILITY BY THE COMPANY.
Mechanism for redressal of investor grievances
Karvy Computershare Private Limited has been appointed as the
Registrar to the Issue to ensure that investor grievances are handled expeditiously and satisfactorily and to effectively deal with
investor complaints. All grievances relating to the Issue should be
addressed to the Registrar to the Issue and the Compliance Officer
giving full details of the Applicant, number of Bonds applied for,
amount paid on application and Bankers to the Issue/Designated
Collection Centre/Agent to which the application was submitted.
Grievances relating to the ASBA process may be addressed to the
Registrar to the Issue, with a copy to the relevant SCSB.
RISK FACTORS
The Investor should carefully consider all the information
in the Shelf Prospectus, including the risks and uncertainties
described below, and under Our Businesson page 94 and
Financial Statements in Appendix-I of the Shelf Prospectus, before making an investment in the Bonds. The risks and
uncertainties described in this section are not the only risks
that we currently face. Additional risks and uncertainties not
known to us or that we currently believe to be immaterial may

also have an adverse effect on our business, prospects, results


of operations and financial condition. If any of the following or
any other risks actually occur, our business prospects, result of
operations and financial condition could be adversely affected
and the price of, and the value of your investment in the Bonds
could decline and you may lose all or part of your investment.
The financial and other related implications of risks concerned,
wherever quantifiable, have been disclosed in the risk factors
mentioned below. However, there are certain risk factors where
the effect is not quantifiable and hence has not been disclosed in
such risk factors. The numbering of risk factors has been done
to facilitate ease of reading and reference, and does not in any
manner indicate the importance of one risk factor over the other.
In this section, unless the context otherwise requires, a reference to the Company and our Company is a reference to
REC and unless the context otherwise requires, a reference to
we, us and our refers to REC and its Subsidiaries, joint
ventures and associate companies, as applicable in the relevant
fiscal period, on a consolidated basis. In this Section, all figures
are on standalone basis unless otherwise mentioned.
Internal Risk Factors
1. Our business and industry are dependent on the policies
and support of the Government of India, which makes
us susceptible to changes to such policies and the level
of support we receive. If the changes in Governmental
policies are not in favour of our business, then the same
are likely to adversely affect our business, financial condition and results of our operations.
2. We have a significant concentration of outstanding loans
to certain borrowers and if the loans to these borrowers
become non-performing, the quality of our asset portfolio may get adversely affected.
3. We are involved in a number of legal proceedings. Any
unfavourable development in these proceedings may have
an adverse effect on financial conditions of the Company.
4. Our competitive efficiency is dependent on our ability to
maintain a low effective cost of funds; if we are unable to
do so it would have a material adverse effect on our business, financial condition and results of our operations.
5. We may face asset liability mismatches which could affect our liquidity and consequently have a material and
adverse effect on our business, financial performance
and results of operation.
6. Our statutory auditors have made an observation in their
annexure to auditors reports on our audited financial
statements for Fiscal 2012.
7. If we are unable to manage our growth effectively, our
business and financial results could be adversely affected.
8. We are currently engaged in foreign currency borrowings and we are likely to do so at increased levels in the
future, which will expose us to fluctuations in foreign
exchange rates and if we are unable to hedge the risk effectively, it could adversely affect our business, financial
condition and results of operations.
9. We are susceptible to the volatility in interest rates in our
operations and therefore, we may adversely get affected
due to the fluctuation in interest rates.
10. The GoI holds a majority of our Equity Shares and therefore it can determine the outcome of shareholder voting
and influence our operations.

RURAL ELECTRIFICATION CORPORATION LIMITED

35

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


11. We take advantage of certain tax benefits available to us
as a lending institution. If these tax benefits were reduced
or no longer available to us it would adversely affect our
profitability.
12. We may not have obtained sufficient security and collateral from our borrowers, or we may not be able to recover
or enforce, or there may be a delay in recovering or enforcing, the expected value from any security and collateral which could have a material adverse effect on our
business, financial condition and results of operations.
13. The escrow account mechanism for the payment obligations of our state sector borrowers may not be effective,
which may reduce our recourse in the event of defaulted
loans and could have a material adverse effect on our
business, financial condition and results of operations.
14. We have granted loans to the private sector on a non-recourse
or limited recourse basis, which may increase the risk of nonrecovery and could expose us to significant losses.
15. Certain SEBs which were our borrowers have been restructured and we may not have transferred the liabilities
associated with our loans to newly formed entities, which
may affect our ability to enforce the applicable provisions
of the original loan agreements.
16. Our contingent liabilities could adversely affect our financial condition.
17. Our cash flow reflects negative cash flows from operations in view of presentation of borrowings and lendings
in different categories. There is no assurance that such
negative cash flows from operations shall not recur in
future Fiscal periods.
18. Our success depends majorly upon our management
team and skilled personnel and our ability to attract and
retain such persons and disassociation of our key personnel could adversely affect our business and our ability to
pursue our growth strategies.
19. Our borrowers insurance of assets may not be adequate
to protect them against all potential losses to which they
may be subject, which could affect our ability to recover
the loan amounts due to us from them.
20. We are subject to restrictive covenants under our credit
facilities that limit our flexibility in managing our business.
21. Our interest income and profitability is dependent on our
ability to grow our asset portfolio; any failure to continue
to grow our business could have an adverse affect on our
business, financial condition and results of operations.
22. The power sector financing industry is becoming increasingly competitive and our profitability and growth will
depend on our ability to compete effectively and maintain
a low effective cost of funds.
23. Power projects carry certain risks that, to the extent they
materialise, could adversely affect our business, financial condition and results of operations.
24. Negative trends in the Indian power sector or the Indian
economy could adversely affect our business, financial
condition and results of operations.
25. Material changes in the regulations that govern us and
our borrowers could cause our business to suffer.
26. We may fail to obtain certain regulatory approvals in the
36

ordinary course of our business in a timely manner or at


all, or to comply with the terms and conditions of our existing regulatory approvals and licenses which may have
a material adverse effect on the continuity of our business
and may impede our effective operations in the future.
27. We are yet to receive consents/renewals of certain statutory approvals required in the ordinary course of our
businesses, and if we are unable to obtain these approvals, our business could be adversely affected.
28. We have been granted exemption from applicability
of prudential norms by the RBI uptil March 2013. We
cannot assure that such exemption shall continue to be
granted by RBI which may effect our business.
29. We are subject to stringent labour laws and trade union
activity and any work stoppage could have an adverse
material effecton our business, financial condition and
results of operations.
30. Some of our immovable properties may have certain irregularities in title, as a result of which our operations
may be impaired.
31. We have invested in debt instruments that may carry interest at a lower rate than the prevailing market rate.
32. Changes in legislation, including tax legislation, or policies applicable to us could adversely affect our results of
operations.
33. Our insurance may not be adequate to protect us against
all potential losses to which we may be subject.
34. Any cross default of financial indebtedness may trigger payment to all other borrowings made by the Company thereby
adversely affecting the liquidity position of the Company.
35. We have entered and may enter into certain transactions
with related parties, which may not be on an arms length
basis or may lead to conflicts of interest.
36. Our Directors may have interests in companies/entities
similar to ours, which may result in a conflict of interest that may adversely affect future financing opportunity
referrals.
37. Some of the records with respect to our financial indebtedness are not traceable.
38. Any downgrading of our debt rating or Indias sovereign
rating by a credit rating agency could have a negative
impact on our business.
39. Our ability to raise foreign currency borrowings may be
constrained by Indian law.
40. Our Company may be exposed to cyber crime risks which
may lead to destruction of our data etc.
41. The results of the Company for the half-year ended September 30, 2012 have not been audited but have been
subjected to limited review by the Statutory Auditors as
required under Clause 41 of the Equity Listing Agreement. Audited performance may be materially different
from the present results.
RISKS RELATED TO UTILISATION OF ISSUE PROCEEDS:
42. The funding requirements of our Company and the deployment of a portion of the proceeds are based on management estimates and have not been independently appraised by any bank orfinancial institution and may be

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


revised from time to time.
43. We have not entered into any definitive arrangements to
utilise the proceeds towards the object of this Issue.
RISKS RELATING TO INVESTMENT IN THE BONDS:
44. There has been only a limited trading in the bonds of
such nature and the price of the Bonds may be volatile
subject to fluctuations.
45. A debenture redemption reserve will be created, up to an
extent of 50% for the Bonds.
46. The Bond holder(s) may not be able to recover, on a
timely basis or at all, the full value of the outstanding
amounts and/or the interest accrued thereon in connection with the Bonds.
47. There is no assurance that the Bonds issued pursuant to
this Issue will be listed on Stock Exchanges in a timely
manner, orat all.
48. Any downgrading in credit rating of our Bonds may affect the trading price of our Bonds.
49. Payments made on the Bonds will be subordinated to certain tax and other liabilities preferred by law.
50. The Bonds are classified as tax free bonds eligible for
tax exemption under Section 10(15)(iv)(h) of the Income
Tax Act up to an amount of interest on such Bonds.
External Risk Factors
51. A slow down in economic growth in India could adversely impact our business. Our performance and the growth
of our business are necessarily dependent on the performance of the overall Indian economy.
52. Shortages in the supply of crude oil, natural gas or coal
(domestic and imported) could adversely affect the Indian economy and the power sector projects to which we
have exposure and the same may have a material adverse
effect on our business, financial condition and results of
our operations.
53. Political instability or changes in the government could
delay the liberalisation of the Indian economy and adversely affect economic conditions in India generally,
which could have a material adverse effect on our business, financial condition and results of operations.
54. Difficulties faced by other financial institutions or the Indian financial sector generally could cause our business
to suffer.
55. Our ability to raise foreign funds may be constrained by
Indian law. The limitations on foreign debt may have a
material adverse effect on our business, financial condition and results of operations.
56. Terrorist attacks, civil unrest and other acts of violence or
war involving India and other countries could adversely
affect the financial markets and could have a material
adverse effect on our business, financial condition and
results of operations.
57. Natural calamities could have a negative impact on the
Indian economy and our business.
58. An outbreak of an infectious disease or any other serious
public health concerns in Asia or elsewhere could have a
material adverse effect on our business, financial condition and results of operations.

59. Any down grading of Indias sovereign rating by a credit


rating agency could have a negative impact on our business, financial condition and results of operations.
60. Direct capital market access by our borrowers could adversely affect us.
61. Recent global economic conditions have been unprecedented and challenging and have had, and continue to
have, an adverse effect on the Indian financial markets
and the Indian economy in general, which has had, and
may continue to have, a material adverse effect on our
business, financial condition and results of operations.
For detailed Risk Factors, please refer to section Risk Factors
on page 15 of the Shelf Prospectus.
MATERIAL
CONTRACTS
AND
MATERIAL
DOCUMENTS FOR INSPECTIONS
The contracts (not being contracts entered into in the ordinary
course of business carried on by the Company) which are or may
be deemed material have been entered or are to be entered into by
the Company. These contracts and also the documents for inspection referred to hereunder, may be inspected on Working Days
at the Registered and Corporate Office of the Company, from 10
a.m. and 12 noon on any working day (Monday to Friday) from
the date of the Prospectus Tranche - 1 until closing of Issue
DECLARATION
We, the Directors of the Company, certify that all applicable
legal requirements in connection with the Issue, including under
the Companies Act, the SEBI Debt Regulations, and all relevant
guidelines issued by SEBI, the Government of India and any
other competent authority in this behalf, have been duly complied with, and that no statement made in the Shelf Prospectus
contravenes such applicable legal requirements.
We further certify that the Shelf Prospectus does not omit disclosure of any material fact which may make the statements
made therein, in light of circumstances under which they were
made, misleading and that all statements in the Shelf Prospectus
are true and correct.
Signed by all the Directors of the Company
1.

Mr. Rajeev Sharma

2.

Mr. Prakash Thakkar

3.

Mr. Ajeet Kumar Agarwal

4.

Mr. Badri Narain Sharma

5.

Dr. Devi Singh

6.

Dr. Govinda Marapalli Rao

7.

Mr. Venkataraman Subramanian

8.

Dr. Sunil Kumar Gupta

Place: New Delhi


Date: November 26, 2012
FOR FURTHER DETAILS PLEASE REFER TO THE
SHELF PROSPECTUS AND PROSPECTUS TRANCHE - 1

RURAL ELECTRIFICATION CORPORATION LIMITED

37

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

TIMING FOR SUBMISSION OF APPLICATION FORMS


Applications shall be accepted only between 10 a.m. and 5 p.m. (Indian Standard Time IST), or such extended time as may be permitted by the Stock Exchanges,
during the Issue Period on all days between Monday and Friday, both inclusive barring public holidays, at the Collection Centers or with the Lead Managers
or Lead Brokers at the Specified Centers and the Designated Branches of SCSBs as mentioned on the Application Form. On the Issue Closing Date, Applications
shall be accepted only between 10 a.m. and 3 p.m. and shall be uploaded until 5p.m. or such extended time as may be permitted by the Stock Exchanges. It is
clarified that the Applications not uploaded in the electronic application system of the Stock Exchanges would be rejected.
Due to limitation of time available for uploading the Applications on the Issue Closing Date, Applicants are advised to submit their Applications one day prior to the Issue
Closing Date and, in any case, no later than 3p.m. on the Issue Closing Date. All times mentioned in this Prospectus are Indian Standard Times. Applicants are cautioned
that in the event a large number of Applications are received on the Issue Closing Date, some Applications may not get uploaded due to lack of sufficient time. Such
Applications that cannot be uploaded will not be considered for allocation under the Issue. Applications will be accepted only on Business Days, i.e., Monday to Friday
(excluding any public holiday). Neither our Company, nor the Members of the Syndicate or Trading Members of the Stock Exchanges is liable for any failure in uploading
the Applications due to failure in any software/hardware system or otherwise.
CENTERS FOR AVAILABILITY AND ACCEPTANCE OF APPLICATION FORMS
In case of Applicant applying through ASBA Process in any Specified Cities i.e. 12 cities, namely, Mumbai, Chennai, Kolkata, Delhi, Ahmedabad, Rajkot, Jaipur,
Bangalore, Hyderabad, Pune, Baroda and Surat, the ASBA Applicant can also submit their Application Form with the Members of Syndicate, at the addresses provided
below, for uploading of the Application. The respective Member of Syndicate after uploading of the Application shall forward the Application Form to the Specified
Branches of SCSBs for blocking of funds. At all other places (except Specified Cities, as above),the ASBA Application Forms should be submitted with the Designated
Branch of SCSBs only and non ASBA Applications should be submitted to the Members of Syndicate/ Trading Members as specified below:
A. K. STOCKMART PRIVATE LIMITED
AGRA: A K STOCKMART PVT LTD, 9,SBI COLONY,1ST FLOOR,OPP SUBHASH PARK,MG ROAD, AGRA,UTTAR PRADESH-282002. Tel: 7351925461.
AHMADNAGAR: RELIGARE SECURITIES LIMITED, SHOP NO. 5 , 6 , 7 & 8 HIMALAYA TOWERS,AHMADNAGAR SAVEDI ROAD-414001, Tel: +919371977618.
AHMEDABAD: ASSET ALLIANCE SECURITIES PVT LTD, ADITYA SECURITIES 88/712PUSHPAK APT NR.SOLA HBC POST OFFICE 132 FT. RING ROAD,
NARANPURA-380052, Tel: 9824313018; ASSET ALLIANCE SECURITIES PVT LTD, LATIN MANHARLALA SECURITIES PVT LTD NEEL KAMAL COMPLEX
2ND FLOOR, OPP SALES INDIA ASHRAM ROAD NEAR INCOME TAX CIRLE-380052, Tel: 9227630300; BONANZA PORTFOLIO LTD, 401, SHITAL VARSHA
ARCADE; NR. GIRISH COLD DRINK, CROSS ROAD; C G ROAD-380009, Tel: 9374986373; IDBI CAPITAL MARKET SERVICES LTD, 314, 3RD FLOOR CRYSTAL
ARCADE, BESIDE BSNL COMPLEX, NEAR GIRISH COLD DRINK CROSS ROAD, C G ROAD,-380006, Tel: 079-40075054/55/56/9374523201; MOTILAL OSWAL
SECURITIES LIMITED, BEARING NO. G-6/7/8/9 & 10 CITYPRIDE COMPLEX NEAR NALANDA HOTEL MITHAKALI CIRCLE NAVRANGPURA 380009-, Tel:
30078120, 8121; RELIANCE SECURITIES LIMITED, OFFICE NO 101/B SHIVALIK - 2 1ST FLOOR, ABOVE ICICI BANK 132 RING ROAD, SATELLITE-380015,
Tel: 30483453; RELIGARE SECURITIES LIMITED, 201,202,203,2ND FLOOR,DEV COMPLEX, OPP PARIMAL GARDEN, C.G. ROAD-380006, Tel: +919998344466;
SHAREKHAN LIMITED, 201/202, DYNAMIC HOUSE, NEAR VIJAY CROSS ROAD, NAVRANGPURA-380009, Tel: 079 - 66060141/42/43/6606 0150; SPA SECURITIES
LIMITED, 401,ARJUN AVENUE,NEAR NUTAN NAGRIK BANK,OPP. SAMARTHESHWAR MAHADEV,ELLISBRIDGE-380006, Tel: 7600033940; WAY 2 WEALTH
BROKERS PVT LTD, 304, III FLOOR, 3RD EYE BUILDING PANCHAVATI CROSS ROAD, C G ROAD-380009, Tel: 7600017727; JM FINANCIAL SERVICES PVT
LTD, G-10 CHINUBHAI CENTRE, GR. FLR,NEHRU BRIDGE CORNER,ASHRAM ROAD,-380009, Tel: 079-2657 6666 - 70. AHMEDNAGAR: PRABHUDAS
LILLADHER PVT LTD, C/O AMIT INVESTMENT 2155 , TAPKIR GALLI, AHMEDNAGAR-414001, Tel: 095241-2345049. AJMER: RELIGARE SECURITIES
LIMITED, 415/11, OPP GUJRATI SCHOOL, KUTCHERY ROAD-305001, Tel: +919352142892. ALIGARH: RELIGARE SECURITIES LIMITED, BLOCK A, 1ST
FLOOR, CENTRE POINT MARKET, SAMAD ROAD-202001, Tel: +919927090905. ALLAHABAD: A K STOCKMART PVT LTD, BLDG -28, HASTINGS ROAD,
ALLAHABAD UTTAR PRADESH 211001. Tel: 9335143387. ALWAR: SHAREKHAN LIMITED, 2/539, ARAVALI VIHAR, KALA KUA HOUSING BOARD-301001,
Tel: 0144-2360880/3290307). AMRAVATI: RELIGARE SECURITIES LIMITED, AMAR PLAZA, STREET NO.56/A, INFRONT OF VENKATESH BALAJI TEMPLE
JAISTAMBH SQUARE-444601, Tel: +919561096216. AMRITSAR: RELIGARE SECURITIES LIMITED, SCO-44, 1ST FLOOR, NAGPAL TOWERS-II, DISTRCIT
SHOPPING CENTRE,NEAR HOTEL M.K., RANJIT AVENUE-143001, Tel: +919779586664; WAY 2 WEALTH BROKERS PVT LTD, 10, GROUND FLOOR, DEEP
COMPLEX A. J. TOWER, OPP. HDFC BANK COURT ROAD-143001, Tel: 9872473213; SHAREKHAN LIMITED, 5 DEEP COMPLEX, 1ST FLOOR , OPP DOABA
AUTOMOBILES , COURT ROAD-143001, Tel: 0183 - 6451903/904/905. ANAND: BONANZA PORTFOLIO LTD, G-10, PHALGUNI TRADE VAIDERBHI COMPLEX,
NR V V NAGAR RLY ST, GIDC, VITTAL UDYOG NAGAR-388121, Tel: 9825946815; PRABHUDAS LILLADHER PVT LTD, C/O. G/19, VAIBHAV TOWER, ANAND
- V.V.NAGAR ROAD-388001, Tel: 02692 - 245279; RELIGARE SECURITIES LIMITED, 2ND FLOOR, OFFICE NO. 204, 205 MARUTI SANKALP, OPP. A.P.C.
ANAND VIDYANAGAR ROAD-388001, SHAREKHAN LIMITED, F/5, PRARTHANA VIHAR COMPLEX, 1ST FLOOR, NEAR PANCHAL HALL, VIDYANAGAR
ROAD-388001, Tel: 02692 - 245615 to 16. ANANTPUR: RELIGARE SECURITIES LIMITED, 01ST FLOOR, LAKSHMI ARCADE, SUBHASH ROAD-515001, Tel:
+919393760320. ASANSOL: RELIGARE SECURITIES LIMITED, 1ST FLOOR, SUMITRA COMPLEX, OPP.SYNDICATE BANK, G.C.MITRA ROAD, HUTTON
ROAD-713301, Tel:. AURANGABAD: RELIGARE SECURITIES LIMITED, 1ST FLOOR, BHASKAR MERIDIAN, OPP. SWATANTRA SAINIK COLONY,
NAGESHWARWADI, AURANGABAD-431001, Tel: +91_954555540; SHAREKHAN LIMITED, OFFICE NO 1,2,3, IST FLOOR, VARAD TOWERS, KHOKADPURA,
NEAR SHIVAJI HIGH SCHOOL-388001, Tel: 0240-2361240/2339627 . BARODA: A K STOCKMART PVT LTD, 216,402- GLAXY COMPLEX, NEAR PIZZA INN,
JETALPUR ROAD, BARODA 39007. Tel:. BELGAUM: RELIGARE SECURITIES LIMITED, 1ST FLOOR, KHIMJI BUILDING, B.R.AMBEDKAR ROAD, ABOVE
HDFC BANK-590001, Tel:. BENGALURU: ASSET ALLIANCE SECURITIES PVT LTD, SSSB SECURITIES , 104/2, 1ST FLOOR, MAGADI MAINROAD,
GOVINDRAJA NAGA R-560040, Tel: 080-42057509,080-42151151; BONANZA PORTFOLIO LTD, NO. 1386, III FL, SLN PLAZA, SHIVAJI NAGAR, JAYANAGAR560011, Tel: 9748485576; CENTRUM WEALTH MANAGEMENT LIMITED, 194, AKRUTI CHAMBERS, BINNAMANGALA, STAGE II, DOUBLE ROAD,
INDIRANAGAR-560038, Tel: 9686450949, 080-32218880; IDBI CAPITAL MARKET SERVICES LTD, NO. 63, RIGHT WING, 1ST FLOOR, K. H. ROAD, (DOUBLE
ROAD), OPP. BMRTC BIG BAZAAR, ABOVE VODAPHONE STORE,-560027, Tel: 080-22117869/22117858/22117859/9341481102; IFCI FINANCIAL SERVICES LTD,
NO.7, 2ND FLOOR,2ND CROSS CSI COMPOUND,MISSION ROAD,BANGALURU-560 027. Tel: 080-41306400,41306404/080-32557222; JM FINANCIAL SERVICES
PVT LTD, 97/4 RESIDENCY RD-560025, Tel: 080- 30912400/2299 8264/65/66/67; PRABHUDAS LILLADHER PVT LTD, S-10, WHITE HOUSE, ST. MARKS ROAD560003, Tel: 080 - 40943080; RELIANCE SECURITIES LIMITED, 2ND FLOOR, NO 43, PM COMPLEX CAMBRIDGE LAYOUT 2ND CROSS SAIBABA TEMPLE
ROAD ULSOOR-560008, Tel: 32495206; RELIGARE SECURITIES LIMITED, SITE NO 8, 2ND FLOOR, S T BED AREA, 80 FEET ROAD, 4TH BLOCK KORMANGALA560095, RELIGARE SECURITIES LIMITED, 4TH FLOOR, ALMAS CENTRE NO. 87, MAHATMA GANDHI ROAD-560001, SHAREKHAN LIMITED, #2307,
SWANLINES BUILDING, 12TH MAIN ROAD, 3RD BLOCK EAST,JAYANAGAR-431001, Tel: 080 - 42876666 ; SPA SECURITIES LIMITED, 703-704 7TH FLOOR
BRIGADE TOWER 135 BRIGADE RAOD-560001, Tel: 9341916061; WAY 2 WEALTH BROKERS PVT LTD, F-102 SURAJ PLAZA, 196 8/8, 8TH FLOOR,MAIN
RAOAD 25TH CROSS, 3RD BLOCK JAYANAGAR-560011, Tel: 9987922211; WAY 2 WEALTH BROKERS PVT LTD, GROUND FLOOR, COFFEE DAY SQUARE
ANNEX, VITTAL MALLYA ROAD-560001, Tel: 080-40868927. BETTIAH: SHAREKHAN LIMITED, NEAR HOTEL BHARAT JALPAN, LAL BAZAR-560011, Tel:
06254-241512/522. BETUL: SHAREKHAN LIMITED, HOUSING BOARD COLONY , GURUDWARA ROAD, GANJ-845438, Tel: 07141 - 233233/234533/329415.
BHAGALPUR: RELIGARE SECURITIES LIMITED, 2ND FLOOR, ANGAR COMPLEX, PATAL BABU ROAD -812001, Tel:. BHARUCH: PRABHUDAS LILLADHER
PVT LTD, 1ST FLOOR, BLUE CHIP COMPLEX, SEVASHRAM ROAD, PANCH BATTI-392001, Tel: 02642-242115; RELIGARE SECURITIES LIMITED, 249 - 251,
2ND FLOOR, ADITYA COMPLEX, JHADESHWAR ROAD-392001, Tel: +911967691060. BHAVNAGAR: A K STOCKMART PVT LTD, B/11-12, RADHESHYAM
COMPLEX, BELOW IDBI BANK, WAGHAWADI ROAD, BHAVNAGAR:364002. Tel: 094262 37374. BHILAI: PRABHUDAS LILLADHER PVT LTD, C/O SRG
INVESTMENT, 190 ZONAL MARKET, SECTOR-10-490006, Tel: 0788-2356711; RELIGARE SECURITIES LIMITED, SHOP NO. 305, 2ND FLOOR, KHICHARIYA

38

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


COMPLEX, 2/2, NEHRU POARISHAR-490020, Tel:. BHILWARA: A K STOCKMART PVT LTD, 1-N-58,R.C.VYAS COLONY,NEAR WATER TANKI, BHILWARA
311001 RAJASTHAN. Tel: 9829244797. BHOPAL: IDBI CAPITAL MARKET SERVICES LTD, HARISONS HOUSE, UPPER GROUND FLOOR, 6 MALVIYA NAGAR,462003, Tel: 0755-276 0010/325 5480 /9893000345; KALPATARU MULTIPLIER LTD, E-3/103 ARERA COLONY,NEAR CINDRELLA SCHOOL,10 NO. STOP-462042,
Tel: 4276724-725-728,09826430536; PRABHUDAS LILLADHER PVT LTD, C/O SUNIL DOSHI. S-9, 2ND FLR, SUBHAG CITY CENTER, OPP. INDIAN COFFEE
HOUSE, MALVIYA NAGAR-462003, Tel: 0755-2572290, 2557734; RELIGARE SECURITIES LIMITED, PLOT NO.7, THIRD FLOOR, MAJOR SHOPPING CENTRE,
ZONE-II, SCHEME NO. 13, M.P. NAGAR-462011, SHAREKHAN LIMITED, SHOP NO. 114,115 & 116, 1ST FLOOR, PLOT NO. 2, AKANSHA PARISAR, ZONE1,, M.P. NAGAR-364001, Tel: 0755 - 4291600/4262200. BHUBANESWAR: A K STOCKMART PVT LTD, 18, BAPUJI NAGAR, BHUBANSWAR - 751009, ODISHA.
IDBI CAPITAL MARKET SERVICES LTD, IDBI HOUSE, JANPATH, UNIT IX-751022, Tel: 0674-320 8801/2/3, 254 5447/09337012382; RELIGARE SECURITIES
LIMITED, PLOT NO-24, SCR BAPUJI NAGAR, JANPATH, BHUBANESHWAR-751009, Tel:. BIKANER: RELIGARE SECURITIES LIMITED, FIRST FLOOR,
GANPATI PLAZA, KEM ROAD-334001, Tel:. BILASPUR: RELIGARE SECURITIES LIMITED, ROOM NO:502, V.R.PLAZA NEAR SRIKANT VERMA MARG LINK
ROAD-495001, Tel: +919993094986. BURDWAN: RELIGARE SECURITIES LIMITED, 401, 1ST FLOOR, G.T.ROAD, BIRHATA, KALITALA-713101, Tel: +919903800061.
CALICUT: IFCI FINANCIAL SERVICES LTD, FAREMONT BUILDING FIRST FLOOR,WAYANADU RD, ERANHIPALAM PO,CALICUT-673006.. Tel: 0495-4022005/
0495-3211770; RELIGARE SECURITIES LIMITED, ROOM NO 2 TO 8, 3RD FLOOR, C D TOWER, BYPASS ROAD, PUTHIYARA-673004, SHAREKHAN LIMITED,
1ST FLOOR, 6/1002 F, CITY MALL, OPP. YMCA, KANNUR ROAD,-673001, Tel: 0495 - 6450307/308/312. CHANDIGARH: EMKAY GLOBAL FINANCIAL
SERVICES LTD, SCO 421-22, 2ND FLOOR, SECTOR 35C-160030, Tel: 9833522839; IDBI CAPITAL MARKET SERVICES LTD, SCO 86, 1ST FLOOR, SECTOR 44
C-160044, Tel: 0172-324 2449/324 4416/09357589005; MASTER CAPITAL SERVICES LTD, S.C.O.22-23 2ND FLOOR SECTOR 9 D-160009, Tel: 9814610637; RELIGARE
SECURITIES LIMITED, SCO - 56-58, 2ND FLOOR, SECTOR 9 D-160017, Tel: +919878824115; SPA SECURITIES LIMITED, 1ST FLOOR SCO-307, SECTOR-38D-160038, Tel: 9988694545; WAY 2 WEALTH BROKERS PVT LTD, BASEMENT ICICI BANK, OPP. PETROL PUMP, SCO 218-219, SECTOR 34-A-160022, Tel:
9501006688, 0712-4014382. CHENNAI: BONANZA PORTFOLIO LTD, S K L S COMPLEX, 1ST FLOOR NO.164/21,G N T ROAD, RED HILLS-600052, Tel: 04426320877; CENTRUM WEALTH MANAGEMENT LIMITED, GANESH ENCLAVE 39 GOPALAPURAM 1ST STREET-600086, Tel: 9884480228, 044-42229681,83;
IFCI FINANCIAL SERVICES LTD, CONTINENTAL CHAMBERS, 3RD FLOOR, 142, MAHATMA GANDHI ROAD,NUNGAMBAKKAM,CHENNAI 600 034.. Tel:
044-28306600; NIRMAL BANG SECURITIES PRIVATE LIMITED, NEW NO.51, C P RAMASAMY ROAD,C P MANOR BUILDING ALWARPET-600018, Tel: 04442912650 /09940109035; PRABHUDAS LILLADHER PVT LTD, NO. 158, 1ST FLOOR, WILLINGTON ESTATE 24, ETHIRAJ SALAI-600105, Tel: 044 42660486/
88; RELIANCE SECURITIES LIMITED, RELIANCE HOUSE, GROUND FLOOR, NO. 6 HADDOWS ROAD, OPP.SHASHTRI BHANAN NUNGAM BAKKAM 600006, Tel: 30254749; RELIGARE SECURITIES LIMITED, 4TH FLOOR, CITY TOWER, NO. 117, THEAGARAYA ROAD, T. NAGAR-600017, Tel: +919840462292;
RELIGARE SECURITIES LIMITED, OFFICE NO.1, PLOT NO. 14, IIIRD CROSS STREET, KASTURBANAGAR, ADYAR-600020, Tel: +919840954109; RELIGARE
SECURITIES LIMITED, NO.715-A, 7TH FLOOR, 2ND PHASE, SPENCER PLAZA,769, ANNASALAI-600002, RELIGARE SECURITIES LIMITED, DOOR NO. ; 236, 2ND FLOOR, P.R. PLAZA, VELACHERY MAIN ROAD, SELIAYUR, TAMBRAM-600073, Tel: +919940071994; RELIGARE SECURITIES LIMITED, W-101, 1ST
FLOOR, SECOND AVENUE, ANNA NAGAR -600040, Tel: +918939802543; SHAREKHAN LIMITED, G-2, SALZBURG SQUARE, 107-HARRINGTON ROAD,
CHETPET-600031, Tel: 044 - 28362800/2900/28363160; SPA SECURITIES LIMITED, D.NO-2 5TH FLOOR PHASE-II KASI ARCADE NO-14 SIR THAYAGARYA
ROAD T. NAGAR-600017, Tel: 09841040060; WAY 2 WEALTH BROKERS PVT LTD, WING E, 2ND FLOOR, RNJ ENCLAVE, NO.11, MAHALINGAPURAM MAIN
ROAD, NUNGAM BAKKAM-600034, Tel: 044-42201512; WAY 2 WEALTH BROKERS PVT LTD, VAMIKA SECURITIES SERVICES PVT LTD SMS CENTRE, FIRST
FLOOR NO: 177, ROYAPETTAH HIGH ROAD MYLAPORE-600004, Tel: 9987922211; JM FINANCIAL SERVICES PVT LTD, GEE GEE CRYSTAL - 5TH FLOOR,9192. DR.RADHAKRISHNAN SALAI,MYLAPORE,-600004, Tel: 044-4225 5666. COIMBATORE: A K STOCKMART PVT LTD, 85-C, L.G.ARCADE, SENGUPTA
STREET, RAMNAGAR,COIMBATORE-641 009. Tel: 9843144212. CUTTACK: A K STOCKMART PVT LTD, 2ND FLOOR,KB COMPLEX,STATION ROAD,NEAR
HP PETROL PUMP,COLLEGE SQUARE,CUTTACK,ODISHA-753003. Tel: 0671-2549715/2548715 ,9338089590,6991247; A K STOCKMART PVT LTD, KAIBALYA
, 1ST FLOOR, LINK ROAD, ABOVE ING VYASA BANK, CUTTCK, ORISSA, 753012. Tel:. DEHRADUN: A K STOCKMART PVT LTD, 202, NEELKANTH
COMPLEX, 43, RAJPUR ROAD, DEHRADUN- 248001 ,UTTARANCHAL. Tel: 09837003530. DELHI: IDBI CAPITAL MARKET SERVICES LTD, OFFICE NO. 216217-218, SECOND FLOOR, VARDHMAN TOWER, PREET VIHAR, -110092, Tel: 011-3247 2133/3247 3307/2245 7808/9711402125; PRABHUDAS LILLADHER PVT
LTD, C/O. MEENAKSHI FIN. SER. 104, 1ST FLOOR, AGGARWAL CHAMBERS, NEAR SAINIK VIHAR, OPP. VENUS APARTMENT, PITAMPURA-110034, Tel:
011 - 47002151/52/54. DHANBAD: A K STOCKMART PVT LTD, NARAYANI SECURITIES,307,SAI RAM 09864014385LAZA, BANK MORE, DHANBAD 826001.
Tel:. DURGAPUR: PRABHUDAS LILLADHER PVT LTD, 2ND FLOOR, HDFC BUILDING, KWALITY HOTEL COMPLEX, BHIRINGI, DURGAPUR, DISTBHURDWAN -713213, Tel: 0343-2588242/ 09332337194; RELIGARE SECURITIES LIMITED, B-309 BENGAL SHRISTI COMPLEX CITY CENTRE-713216, Tel:
+919903994898. ERODE: A K STOCKMART PVT LTD, 139,NSA NAGAR, 1ST FLOOR SANKAR NILAYAM, NEAR CLUB MELANGE, PERUNDURAI ROAD,ERODE638011. Tel: 9865267766. FARIDABAD: RELIGARE SECURITIES LIMITED, SCO - 6, IIND FLOOR SECTOR - 16, MAIN MARKET, FARIDABAD-121007, Tel:.
GANDHIDHAM : A K STOCKMART PVT LTD, D B Z. SOUTH 170,GANDHIDHAM KACHCHH,PIN. : 370201. Tel:. GANGANAGAR: RELIGARE SECURITIES
LIMITED, SHOP NO. 15 & 16, NEW DHAN MANDI ROAD, NEAR GATE NO. 2, SRI GANGA NAGAR-335001, Tel: +918875006837. GANGTOK: RELIGARE
SECURITIES LIMITED, UPPER ARITHANG, HUNGRY JACK PLAZA, NEXT TO HOTEL HUNGRY JACK, NEAR BANSILAL PETROL PUMP, NH-31A-737101,
Tel:. GHAZIABAD: A K STOCKMART PVT LTD, R13/111,RAJ NAGAR,GHAZIABAD,UP. Tel: 09810236377. GORAKHPUR: A K STOCKMART PVT LTD, 1ST
FLOOR,RAM GOVIND COMPLEX,OPP RAJ CINEMA,SUMER SAGAR ROAD,GORAKHPUR,UP-273001. Tel: 09305903555,07897820804,0551-2205986. GUNTUR:
RELIGARE SECURITIES LIMITED, RATNA DEEPIKA PLAZA 9/1 DOOR NO.6-9-17, 2ND FLOOR ARUNDELPET -522002, Tel: +919391278169; SHAREKHAN
LIMITED, D.NO.5-87-89,2ND LANE,,2ND FLOOR,LAKSHIPURAM MAIN ROAD-522007, Tel: 0863 - 6452334. GURGAON: RELIGARE SECURITIES LIMITED,
JMD REGENT SQUARE SHOP NO. GF-8, DLF PHASE-II MEHRAULI-GURGAON ROAD-122002, SHAREKHAN LIMITED, GF 10 JMD REGENT SQUARE,DLF
PHASE II,,NEAR CHAKARPUR OPP SAHARA MALL,,MAIN MEHRAULI GURGAON ROAD-122001, Tel: 0124 - 4104555/6/7. GUWAHATI: A K STOCKMART
PVT LTD, 1ST FLOOR, ROOM NO.1,KAMAKHYA UMANANDA BHAWAN,A.T. ROAD, GUWAHATI,ASSAM-781001. A K STOCKMART PVT LTD, BRAND NEW
DAY,BHAGABAN BHARALI COMPLEX,NEAR KOTAK MAHINDRA BANK,G S ROAD, GUWAHATI - 781007. Tel: 09678008140; A K STOCKMART PVT LTD,
SARAF BLDG ANNEX R NO 5, 3RD FLOOR, AT ROAD GUWAHATI 781001 ASSAM. Tel: 9864014385; IDBI CAPITAL MARKET SERVICES LTD, C/O IDBI LTD.,
IDBI HOUSE, 4TH FLOOR, NORTH EASTERN ZONAL OFFICE, G. S. ROAD,-781005, Tel: 9864259980. GWALIOR: PRABHUDAS LILLADHER PVT LTD, C/O
SHARECON. JHAWAR BLDG, SARAFA RD, LASHKAR-474001, Tel: 0751- 5070075; PRABHUDAS LILLADHER PVT LTD, C/O. KABRA SECURITIES, KAILASH
TALKIES RD, PHALKEB KI GOTH, BESIDE OF BEENA AUTOMOBILES, NR. RAM MANDIR CHAURAHA, LASHKAR-474001, Tel: 0751- 4060677/6538677;
RELIGARE SECURITIES LIMITED, 1ST FLOOR, ABOVE TITAN EYE PLUS, PATANKAR BAZAR, LASHKAR-474001, Tel: +917869965503. HARIDWAR:
PRABHUDAS LILLADHER PVT LTD, C/O SIDDHARTH FIN.CONSL. SHOP NO-14, 1ST FLR, AVDHOOT MANDAL, ASHRAM RD, JWALAPUR-243407, Tel: 0751265779/326018; RELIGARE SECURITIES LIMITED, PLOT NO.13, FIRST FLOOR NEW HARIDWAR COLONY, OPP. ICICI BANK, HARIDWAR JWALAPUR ROAD249401, Tel: +919918602182. HISSAR: A K STOCKMART PVT LTD, BLD-22-24,PUSHPA COMPLEX HISSAR 125005 HARYANA. Tel: 9812090450. HUBLI: A K
STOCKMART PVT LTD, OSWAL FUND HOUSEU, NEAR KARNATAKA BANK, NEW COTTON MARKET, HUBLI-580029. Tel: 9243281200. HYDERABAD:
ASSET ALLIANCE SECURITIES PVT LTD, G-1, HIG 56, SINDHU ENCLAVE, KPHB COLONY, WATER TANK ROAD-500072, Tel: 04064571496,09247883503;
CENTRUM WEALTH MANAGEMENT LIMITED, 6-3-1111/311, BABUKHAN MALL, SOMAJIGUDA-500016, Tel: 7702600014; IDBI CAPITAL MARKET SERVICES
LTD, C/O IDBI LTD., 3RD FLOOR, IDBI HOUSE, D. NO. 5-9-89/1 & 2, CHAPEL ROAD, P. B. NO. 370,-500001, Tel: 040-66747540/41/42/43/44/9866009430;
RELIGARE SECURITIES LIMITED, 7-1-59/2 & 7-1-59/6, MANDHANA TOWERS, ADJ TO HOTEL ATHIDI INN,OPP. INDIAN BANK AMEERPET-509325, Tel:
+919393163625; RELIGARE SECURITIES LIMITED, #12-13-188, 3RD FLOOR, ABOVE AP STATE COOPERATIVE BANK, STREET NO 2-500017, Tel: +919849135625;
SHAREKHAN LIMITED, 7-1-22/3/1-5/C, AFZIA TOWERS, 1ST FLOOR, BEGUMPET-500016, Tel: 040 - 66827469-70/40203544 (D); SPA SECURITIES LIMITED, NO
6-3-1109/5 & 6 2ND FLOOR G S MALL SUMAJI GUDDA-500082, Tel: 9700005099; SYSTEMATIX SHARES AND STOCKS (INDIA) LIMITED, 3-6-142/A/3, 2ND
FLOOR, OPP.HDFC BANK LTD, ABOVE GALAXY CAF HIMAYAT NAGAR MAIN ROAD-500029, Tel: 040-30789113,118; WAY 2 WEALTH BROKERS PVT LTD,
6-3-571/1/5 ROCK VISTA 2ND FLOOR ROCK DALE COMPOUND SOMAJI GUDA-500082, Tel: 040-4561239; JM FINANCIAL SERVICES PVT LTD, 9-10 UMA

RURAL ELECTRIFICATION CORPORATION LIMITED

39

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


CHAMBERS,3RD FLOOR, BANJARA HILLS,-500034, Tel: 040- 6636 0009/10/12/46; NIRMAL BANG SECURITIES PRIVATE LIMITED, H NO.7-1-22/8-C, 1ST
FLOOR,NEAR GREEN LANDS FLYOVER,BEGUMPET-500016, Tel: 040-42407049/30900913 /09849029992. INDORE: A K STOCKMART PVT LTD, 260,GOLD
ARCADE,3/1 NEW PALASIA,INDORE,MADHYA PRADESH-452001. Tel: 09826062666,09406683322,0731-4002266; IDBI CAPITAL MARKET SERVICES LTD, PLOT
NO. 11A/A, 1ST SCHEME NO. 54, OPP. SATYA SAI SCHOOL, VIJAY NAGAR, A. B. ROAD,-452010, Tel: 0731-2554229/4248070/7828835587; JM FINANCIAL
SERVICES PVT LTD, UG-7 & 8, GROUND FLOOR, D M TOWER, 21/1, RACE COURSE ROAD,-452004, Tel: 0731-3072111/4262111. JABALPUR: RELIGARE
SECURITIES LIMITED, 1627, GR. FLOOR SHASTRI BRIDGE CHOWK NAPIER TOWN -482001, Tel: +919893030857; SHAREKHAN LIMITED, 2ND FLOOR,
MANGALAM BUILDING, 103, NAPIER TOWN, SHASTRI BRIDGE ROAD,-482001, Tel: 0761-4007775/4017877. JAIPUR: A K STOCKMART PVT LTD, 203 JAIPUR
TOWER, M.I RD JAIPUR 302001 ,RAJASTHAN. Tel: 9352658239; HEM SECURITIES LTD, 203 JAIPUR TOWER M.I.ROAD-302001, SPA SECURITIES LIMITED,
26 GOPAL BARI OPPSITE. VIDHAYAK PURI POLICE STATION KHASAKOTHI-302006, Tel: 9828019258. JALANDHAR: RELIGARE SECURITIES LIMITED,
GOBIND NIWAS, II ND FLOOR, 36, G.T ROAD, JALANDHAR CITY-144001, Tel: +919356091361. JAMMU: RELIGARE SECURITIES LIMITED, 92 B/A, UPPER
BASEMENT, GOLE MARKET, GANDHI NAGAR-180004, Tel:. JAMNAGAR: A K STOCKMART PVT LTD, 2-A, SECOND FLOOR, AVANTIKA COMPLEX, LIMDA
LANE, JAMNAGAR: 361001. Tel: 9825228010. Jamshedpur: A K STOCKMART PVT LTD, BINAPANI TRADE CENTRE, SF-1, 2ND FLOOR, SAKCHI, JAMSHEDPUR,
831001. Tel: 09334053272; A K STOCKMART PVT LTD, 76 CHITRAKOOT, 7TH FLOOR, 230A AJC BOSE ROAD,KOLKATA 700020. Tel: 0657-6540 555/7739 5555
00 ; A K STOCKMART PVT LTD, 1, GULATI COMPLEX, IN FRONT OF MILKHIRAM MARKET. Tel:. JODHPUR: A K STOCKMART PVT LTD,
204,POONAMCOMPLEX,SARDARPURA,3RD ROAD JODHPUR 342003 RAJASTHAN. Tel: 9414145124. KAKINADA: RELIGARE SECURITIES LIMITED, DOOR
NO: 13-1-62, OPP: APOLLO HOSPITAL, MAIN ROAD, EAST GODAVARI DISTRICT-533002, Tel: +919396647073; SHAREKHAN LIMITED, DNO.26-1-15,16.
TEMPLE STREET ,,SAI COMPLEX-533001, Tel: 0884-6564662/6455988/6564266. KANNUR: PRABHUDAS LILLADHER PVT LTD, 1ST FLOOR, GRAND PLAZA,
FORT ROAD-670001, Tel: 0497-2464880/881; A K STOCKMART PVT LTD, GROUND FLOOR, 2G KAN CHAMBER, 14/113, CIVIL LINES KANPUR UP. Tel:
9335017410. KARNAL: RELIGARE SECURITIES LIMITED, SCO - 236 1ST FLOOR, SECTOR -12, PART - I URBAN ESTATE, KARNAL-132001, Tel: +919996932005.
KOCHI: A K STOCKMART PVT LTD, CIVIL LINE ROAD, OPP. PADIVATTOM BUST STOP, EDAPALLY P.O. KOCHI, KERALA- 682024. Tel:
04844041113,09287280473; A K STOCKMART PVT LTD, CC27/3005,GIRINAGAR CLUB ROAD,GIRINAGAR, KADAVANTHARA ,KOCHI- 682 020. Tel: 04846406407,
08943333601. KOLHAPUR: RELIGARE SECURITIES LIMITED, C-3, FIRST FLOOR, ROYAL PRESTIGE, 1127, E WARD, SYKES EXTENSION-416008, Tel:
+919561081880; SHAREKHAN LIMITED, OFFICE NO 5,3RD FLOOR, AYODHA TOWER, BLDG NO 1,511/KH -1/2, E-WARD, DABHOLKAR CORNER, STATION
ROAD-416001, Tel: 0231 - 6687063-69/76. KOLKATA: BONANZA PORTFOLIO LTD, 6TH FLOOR, 16A , BRABOURNE ROAD-700001, Tel: 9007760004; EASTERN
FINANCIERS LIMITED, 14, INDIA EXCHANGE PLACE, ALLAHABAD BANK BUILDING, 2ND FLOOR-700001, EMKAY GLOBAL FINANCIAL SERVICES LTD,
4 R N MUKHERJEE ROAD 1ST FLOOR-700001, Tel: 9833522839; JM FINANCIAL SERVICES PVT LTD, KANKARIA ESTATE, 8TH FLR,6TH LITTLE RUSSELL
STREET,-700071, Tel: 033-3987 0330; MICROSEC CAPITAL LIMITED, 1ST FLOOR, SHIVAM CHAMBERS 53, SYED AMIR ALI AVENUE-700019, MOTILAL
OSWAL SECURITIES LIMITED, 3RD FLOOR CONSTANTIA BLDG 11 DR U N BRAHMACHARI STREET 700017. Tel: 9830665717; NIRMAL BANG SECURITIES
PRIVATE LIMITED, AC MARKET COMPLEX,8TH FLOOR, 1 SHAKESPEARE SARANI,-700071, Tel: 033-30584292/93/30584288 /9830160707; PRABHUDAS
LILLADHER PVT LTD, SHOP NO.304,306 & 308, 3RD FLOOR, LORDS. 7/1, LORDS SINHA ROAD-700071, Tel: 033-40200204; RELIGARE SECURITIES LIMITED,
1, INDIA EXCHANGE PLACE BESIDE KOLKATA STOCK EXCHANGE IST FLOOR-700001, RELIGARE SECURITIES LIMITED, AA-50, GROUND FLOOR,
SECTOR I, SALT LAKE CITY-700064, RELIGARE SECURITIES LIMITED, 400/1A, PRINCE ANWAR SHAH ROAD 4TH FLOOR, OPP SOUTH CITY MALL700045, SHAREKHAN LIMITED, KANKARIA ESTATE,1ST FLOOR, 6-LITTLE RUSSELL STREET,-700071, Tel: 033 - 22830055/ 22805555; SHREE BAHUBALI
INTERNATIONAL LTD, 12 INDIA EXCHANGE PLACE JUTE HOUSE 3RD FLOOR-700001, SKP SECURITIES LTD, LEVEL 21, CHATTERJEE INTERNATIONAL
CENTRE, 33A,J.L.NEHRU ROAD-700070, SPA SECURITIES LIMITED, DIAMOND CHAMBERS ROOM NO-8-0 8TH FLOOR 4 COWRINGHEE LANE-700016, Tel:
9831563633; EUREKA STOCK & SHARE BROKING SERVICES LTD., B 5/E,GILLANDER HOUSE, 8,N.S.ROAD, -700001, Tel:. KOTA: RELIGARE SECURITIES
LIMITED, D-8, 2ND FLOOR, UNIT NO 104 - 105 & 114 - 115, SRIRAM COMPLEX , OPP MULTIPURPOSE SCHOOL, GUMANPURA-324007, Tel: +919799919309;
SYSTEMATIX SHARES AND STOCKS (INDIA) LIMITED, 1ST FLOOR, 18 SINDHI COLONY RAWATH BHATA BUS STAND ROAD GUMANPURA-324007, Tel:
0744-2505255,56. KURNOOL: RELIGARE SECURITIES LIMITED, D.N.18-56/57, 1ST FLOOR, PAVAN COMPLEX, NEHRU ROAD-518001, Tel:. LCUKNOW:
MASTER CAPITAL SERVICES LTD, 602, 6TH FLOOR, RATAN SQUARE 20-A VIDHAN SABHA MARG-226001, Tel: 9839994447; IDBI CAPITAL MARKET
SERVICES LTD, 1ST FLOOR, HALWASIYA HOUSE, 11 M. G. MARG,HAZRATGANJ-226001, Tel: 0522-325 0987/325 1019/3250969/9336236692; RELIGARE
SECURITIES LIMITED, GROUND FLOOR, RIZ BUILDING, 5 PARK ROAD-226001, Tel: +919839900455; SPA SECURITIES LIMITED, S-209 A 2ND FLOOR, SKY
HI CHAMBER, 11/05 PARK ROAD-226001, Tel: 9235667780; SYSTEMATIX SHARES AND STOCKS (INDIA) LIMITED, 1ST FLR INDRA KARAN PLAZA 12-B
N GHAI LANE 120/1LAL BAGH ROAD., LUCKNOW-226001, Tel: 0542-,2615615. LUDHIANA: MASTER CAPITAL SERVICES LTD, MASTER CHAMBERS, 19,
FEROZE GANDHI MARK ET-141001, Tel: 9646436577; NIRMAL BANG SECURITIES PRIVATE LIMITED, OFFICE NO.301 & 302,SCO NO.15, SCAN PLAZA,FEROZE
GANDHI MARG-141001, Tel: 0161-4020000 /9814026174; RELIGARE SECURITIES LIMITED, S.C.O. 16-17, 4TH FLOOR, FEROZE GANDHI MARKET-141001, Tel:
+919872499727. MADURAI: A K STOCKMART PVT LTD, 46/1, 1ST FLOOR, MAIN ROAD, KK NAGAR,MADURAI - 625020. Tel: 09944193339,9366696000.
MANDYA: A K STOCKMART PVT LTD, SHRI SAINIK FINANCIAL SOLUTION ,IST FLOOR, M LINGAIAH BUILDING,MANDYA 571401, (KARNATAKA). Tel:
-9448464388. MANGALORE: A K STOCKMART PVT LTD, URWA CHURCH SCHOOL COMPLEX, 1ST FLOOR, LADYHILL, KULOOR FERRY ROAD URWA,
MANGALORE-575006. Tel: 9686929141/9880100798; IFCI FINANCIAL SERVICES LTD, JANAVI PLAZA, NO.103 FIRST FLOOR, KUDMUL RANGA RAO ROAD,
NR. BUNTS HOSTEL CIRCLE KARANGALPADY, MANGALORE-575 003. Tel: 7760812009. MAZAFFARPUR: RELIGARE SECURITIES LIMITED, 01ST FLOOR,
ANKIT COMPLEX, NR. GARIB ASTHAN MANDIR-842001, Tel: +919570095400. MEERUT: RELIGARE SECURITIES LIMITED, 213, 214, 214-A, 2ND FLOOR
GANGA PLAZA, BEGUM BRIDGE ROAD-250002, Tel: +919927089281; SPA SECURITIES LIMITED, J-260, 2ND FLOOR ABU PLAZA ABU LANE MEERUT250001, Tel: 9045100001. MEHSANA: RELIGARE SECURITIES LIMITED, OFFICE NO F-33, 1ST FLOOR, WIDE ANGLE, NR. KHARI BRIDGE, AHMEDABADMEHSANA HIGHWAY-384002, Tel: +919898289850. MUMBAI: ANAND RATHI SHARES & STOCK BROKERS LIMITED, 4 TH FLOOR , SILVER METROPOLIS,
JAICOACH COMPOUND OPPOSITE BIMBISAR NAGAR, GOREGAON(EAST)-400063, Tel: 022-40013954; ASIT C MEHTA INVESTMENT INTERRMEDIATES
LTD, NUCLEUS HOUSE SAKI VIHAR ROAD ANDHERI (E) -400072, Tel: 022-28583333; ASSET ALLIANCE SECURITIES PVT LTD, LATIN MANHARLAL
SECURITIES 903 9TH FLOOR P J TOWER BSE BUILDING DALAL STREET FORT-400001, Tel: 022-66101182,9820529866; BONANZA PORTFOLIO LTD, DELTA
HOUSE, J1, CAMA INDUSTRIAL ESTATE, GOREGOAN(E)-400063, Tel: 9820593730; CENTRUM WEALTH MANAGEMENT LIMITED, CENTRUM HOUSE 6TH
LEVEL CST ROAD VIDYA NAGARI MARG, KALINA SANTACRUZ (E)-400098, Tel: 9821501179,022-42159000,42159465; DALAL & BROACHA STOCK BROKING
PVT LTD, 21 OLYMPUS BLDG 2ND FLOOR 179/81 PERIN NARIMAN STREET BAZARGATE FORT-400001, Tel: 43325727; EDELWEISS BROKING LIMITED,
104, P J TOWER, BSE BULIDING, FORT-400001, Tel: 022-67471345/42; EMKAY GLOBAL FINANCIAL SERVICES LTD, C 06 PARAGON CENTRE PANDURANG
BUDHKAR MARG WORLI-400013, Tel: 9833522839, 9869636507; HDFC SECURITIES LIMITED, I THINK TECHNO CAMPUS BLDG 8 ALPHA OFFICE FLR NO
8 NR KANJURMARG STN OPP CROMPTON GREAVES KANJURMARG EAST-400042, Tel: 022-30753440; HEM SECURITIES LTD, 14/15 KHATAU BUILDING
1ST FLOOR 44 BANK STREET FORT-400023, IFCI FINANCIAL SERVICES LTD, EARNEST HOUSE, 7TH & 9TH FLOOR NARIMAN POINT-400021, Tel: 02243335111; INTEGRATED ENTERPRISES INDIA LIMITED, 15,1ST FLOOR,MODERN HOUSE DR.V.B.GANDHI MARG FORT-400023, JM FINANCIAL SERVICES
PVT LTD, PALM COURT, M- WING, 4TH FLOOR, GOREGAON LINK ROAD,MALAD WEST-400064, Tel: 022-30877000/67617000; MEHTA EQUITIES LTD, 612,
ARUN CHAMBERS, TARDEO ROAD-400034, MOTILAL OSWAL SECURITIES LIMITED, MOTILAL OSWAL TOWER, 6TH FLOOR, JUNCTION OF GOKHALE
& SAYANI ROAD BEHIND PAREL ST DEPOT, PRABHADEVI-400025, Tel: 9167364912; PRABHUDAS LILLADHER PVT LTD, SADHANA HOUSE, 3 RD FLOOR,
570, P. B. MARG, BEHIND MAHINDRA TOWER, WORLI-400018, Tel: 022-66322222/91; PRABHUDAS LILLADHER PVT LTD, A-102 KRISHNA NAGRI CO-OP
HSG SOC, OPP.SONY MONY, S.V.ROAD, BORIVALI (W)-400092, Tel: 022-28617527/28; PRABHUDAS LILLADHER PVT LTD, 7/10, RUNWAL COMMERCIAL
COMPLEX, L.B.S MARG, MULUND (WEST)-400080, Tel: 022-67654951/52; PRABHUDAS LILLADHER PVT LTD, 428/29, KAILASH PLAZA, 4TH FLOOR, OPP.
ODEAN CINEMA, GHATKOPAR (EAST)-400075, Tel: 022-251515001 /001; RELIANCE SECURITIES LIMITED, 11TH FLOOR R TECH IT PARK WESTERN
EXPRESS HIGHWAY GOREGAON EAST-400063, Tel: 9323672199; RELIANCE SECURITIES LIMITED, A WING, OFFICE NO-401/402 VICTORY PARK,

40

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


CHANDRAWARKAR ROAD , BORIVALI(W)-400092, Tel: 32095882; RELIGARE SECURITIES LIMITED, 301/302, VIRAJ TOWER, GUNDAVALI, WESTERN EXPRESS
HIGHWAY, NEAR LANDMARK BUILDING, ANDHERI (EAST)-400093, SHAREKHAN LIMITED, 10TH FLOOR, BETA BUILDING,LODHA ITHINK TECHNO
CAMPUS,OPP. KANJURMARG RAILWAYSTATION,KANJURMARG (EAST) -400042, Tel: 6116 9179; SHAREKHAN LIMITED, 1ST FLOOR, HAMAM HOUSE,
HAMAM STREET, FORT-400023, Tel: 022- 6610 5600 - 15 ; SPA SECURITIES LIMITED, PLOT NO 629 NAYA SAGAR COPRATIVE HOUSING SOCIETY SANT
DYA NAESHWAR MARG KALA NAGAR BANDRA-400051, Tel: 9892219534; STANDARD CHARTERD SECURITES (INDIA) LIMITED, STANDARD CHARTERED
SECURITIES (INDIA) LIMITED 1ST FLOOR, STANDARD CHARTERED TOWER, 201B/1 WESTERN EXPRESS HIGHWAY, GOREGAON (EAST)-400063, Tel: 02267559626; SUNIDHI SECURITIES & FINANCE LIMITED, 31, TAMARIND LANE, NEAR BOMBAY HOUSE, FORT-400001, Tel: 022-66689071/ 66689072; SYSTEMATIX
SHARES AND STOCKS (INDIA) LIMITED, 3RD FLOOR J K SOMANI BLDG BRITISH HOTEL LANE MUMBAI SAMACHAR MARG FORT-400001, Tel: 02230298000,66198000,9323144250,9867690499; WAY 2 WEALTH BROKERS PVT LTD, HINCON HOUSE, 24/7 PARK TOWER B 3RD FLOOR LBS MARG VIKROLI
(W)-400083, Tel: 022-61462900; JM FINANCIAL SERVICES PVT LTD, 2,3,4 KAMANWALA CHAMBERS,P M ROAD, FORT,-400001, Tel: 022-2266 5577 - 80, 6633
3030/3021 3500; JM FINANCIAL SERVICES PVT LTD, 1ST FLOOR, NEW PUSHPANJALI II, JAMBLI GALLI, (FACTORY LANE) , OPP CHINTAMANI JEWELLERS,
BORIVALI (WEST), MUMBAI-400 092.. Tel: 022- 6695 9120 - 23/3021 5400; JM FINANCIAL SERVICES PVT LTD, 424/425 KALIDAS PLAZA, V B LANE,GHATKOPAR
EAST,-400075, Tel: 022-6710 4738/3097 8700. MUZAFFAR NAGAR: A K STOCKMART PVT LTD, 15-D,VAKIL ROAD,NEW MANDI,MUZAFFARNAGAR,UTTAR
PRADESH-251001. Tel: 9837464013. MYSORE: A K STOCKMART PVT LTD, OFFICE NO 2, 1ST FLOPR, KANNADA SAHITHYA BHAVAN ROAD, VIJAYANAGAR
1ST STAGE, MYSORE 570017. Tel: 0821-4260364/ 9986201007/09886383744. NAGPUR: A K STOCKMART PVT LTD, C-1,YUGDHARAM COMPLEX, CENTRAL
BAZAR ROAD,RAMDASPETH,NAGPUR-440010. Tel: 9822203500/09225000000. NASHIK: EMKAY GLOBAL FINANCIAL SERVICES LTD, S - 2, SUYOJIT SANKUL
SHARANPUR ROAD-422002, Tel: 9833522839; PRABHUDAS LILLADHER PVT LTD, C/O.INVESTMENT SOLUTIONS, 3 MEGHSHEET, NEAR.DATTA MANDIR
NASHIK ROAD-422101, Tel: 0253-2451570; PRABHUDAS LILLADHER PVT LTD, C/O MAXUS CAPITAL & FIN.SERVICE, YAYATI KOTKAR HOUSE, BEHIND
ATHARVA MEDICAL, TILAKWADA, KULKARNI COLONY, LINK ROAD-422002, Tel: 0259 -2572224; RELIGARE SECURITIES LIMITED, NO- 5, SUYOJIT
SANKUL COMPLEX, SHARANPUR ROAD-422005, SHAREKHAN LIMITED, 5 SK OPEN MALL, YEOLEKAR MALA, NEAR BYK COLLEGE, COLLEGE ROAD422005, Tel: 0253 6610975 to 989. NAVSARI: PRABHUDAS LILLADHER PVT LTD, C/O KAJAL HEMAL SHAH. BESIDES JALARAM DANA CHANA, ABOVE
HIRA DRESSESS, LIBRARY RD, OPP SAYAJI LIBRARY-396445, Tel: 02637- 240129/320054. NELLORE: RELIGARE SECURITIES LIMITED, D-NO. 17-1-138, 3RD
FLOOR, TRUNK ROAD-524001, Tel: +919581887700. NEW DELHI: ALANKIT ASSIGNMENTS LTD, ALANKIT HOUSE, 2E/21, JHANDEWALALN-110055, Tel:
9811206698; BAY SECURITIES PRIVATE LIMITED, 4 FLOOR, JEEVAN VIHAR, PARLIMENT STREET-110001, Tel: 9873300726; BAY SECURITIES PRIVATE
LIMITED, 4 FLOOR, JEEVAN VIHAR, PARLIMENT STREET-110001, Tel: 9873300726; BONANZA PORTFOLIO LTD, 4353/4C, MADAN MOHAN STREET, ANSARI
ROAD, DARYAGANJ-110002, Tel: 9871282129; CENTRUM WEALTH MANAGEMENT LIMITED, 309, ASHOKA ESTATE, 24, BARAKHAMBA ROAD-110001, Tel:
09650698463; D B INTERNATIONAL STOCK BROKERS LIMITED, 402, NEW DELHI HOUSE, 27 BARAKHANBA ROAD-110001, Tel: 9312212421; DALAL &
BROACHA STOCK BROKING PVT LTD, 18/17 WEA DAKHA HOUSE KAROL BAGH-110005, Tel: 28756444; EMKAY GLOBAL FINANCIAL SERVICES LTD, 3
E/10, 3RD FLOOR, NAV DURGA HAWANJHANDEWALAN-110051, Tel: 9833522839; IDBI CAPITAL MARKET SERVICES LTD, C/O IDBI BANK LTD, 51/3 2ND
FLOOR DESHBANDHU GUPTA ROAD, OPPOSITE KHALSA COLLEGE, NEW DELHI - 110005 . Tel: 9810355166; MASTER CAPITAL SERVICES LTD, 801, 8TH
FLOOR ARUNACHAL BUILDING 19, BARAKHAMBA ROAD-110001, Tel: 9312887435; MOTILAL OSWAL SECURITIES LIMITED, 801-806 8TH FLOOR PRAKASH
DEEP BUILDING 7 TOLSTOY BUILDING CANNOUGHT PLACE 110001. Tel: 9810254874; PACE STOCK BROKING SERVICES PVT LTD, A-1/291 SAFDARJUNG
ENCLAVE -110029, Tel: 9818774181; PRABHUDAS LILLADHER PVT LTD, 3RD FLOOR, 54/D-1, RAMA ROAD, KIRTI NAGAR INDUSTRIAL AREA-110015, Tel:
011 - 42900500/503; RELIANCE SECURITIES LIMITED, 1001, FAIZ ROAD, ABOVE FEDERAL BANK, NEAR JHANDEL WALA METRO STATION, KAROL BAGH
-110005, Tel: 30926331; RELIGARE SECURITIES LIMITED, G-36, MARINA ARCADE, CANNAUGHT PLACE -110001, S S CORPORATE SECURITIES LIMITED,
NDM-2 D BLOCK 3RD FLOOR NETAJI SUBHASH PLACE PRITAMPURA -110034, Tel: 9811409143; SHAREKHAN LIMITED, 39, FIRST FLOOR, SAMYAK
TOWER, NEAR METRO PILLOR NO. 120, PUSA ROAD-110005, Tel: 011-45117000 ; SHRI PARASRAM HOLDINGS PVT LTD, SPH HOUSE C-8 NIMRI SHOPPING
CENTRE BHARAT NAGAR -110052, Tel: 9899453453; SPA SECURITIES LIMITED, 25 C BLOCK COMUNITEY CENTER JANAKPURI-110058, Tel: 9910493355;
SYSTEMATIX SHARES AND STOCKS (INDIA) LIMITED, 1303, Nirmal Tower Building, 13th Floor, 26, Barakhamba Road, New Delhi - 110001-110001, Tel: 01130481213,17; VOGUE ASSOCIATES PVT LTD, 302,VARDHMAN PLAZA TOWER H3, NETAJI SUBHAS PLACE ,PITAMPURA-110003, Tel: 9971159090; VSERVE
MANAGEMENT PRIVATE LIMITED, 701, ROHIT HOUSE 3, TOLSTOY MARG CONNAUGHT PLACE-110001, Tel: 9810186081; WAY 2 WEALTH BROKERS PVT
LTD, DCM BUILDING 1ST FLOOR 16 BARAKHAMBA ROAD-110001, Tel: 011-64644914; JM FINANCIAL SERVICES PVT LTD, 114 HIMALYA HOUSE,23,K G
MARG,-110001, Tel: 011-4130 5000/3092 5500. NOIDA: A K STOCKMART PVT LTD, C/O WEALTH DIRECT,SF-20 2ND FLOOR,ANSAL FORTUNE ARCADE,SECTOR18,NOIDA,UP-201301. PANAJI: RELIGARE SECURITIES LIMITED, OFFICE NO. 4 - 5, 1ST FLOOR, MAGNUM CENTRE, OPP. DELHI DURBAR RESTAURANT,
M.G. ROAD-403001, Tel: +919326626888; SHAREKHAN LIMITED, F49/F50, 1ST FLOOR, B BLOCK, ALFRAN PLAZA, M.G. ROAD,-403001, Tel: 0832- 2421460.
PATIALA: RELIGARE SECURITIES LIMITED, S.C.F. NO. 110, CHHOTI BARADRI-147001, Tel: +919356237973. PATNA: IDBI CAPITAL MARKET SERVICES
LTD, PATNA BRANCH OFFICE, 205, 2ND FLOOR, GRAND PLAZA, FRASER ROAD,-800001, Tel: 0612-320 0687/320 0727/9304810333; RAJIV LOCHAN PANDEY,
601 B, ASHIANA PLAZA,BUDH MARG-800001, Tel: 0612 2213117/3251185/9334117776; RELIGARE SECURITIES LIMITED, 101, 1ST FLOOR, JAIPRAKASH
LOKNAYAK BHAWAN, DAK BUNGALOW CROSSING-800001, Tel: +919334027610; SHAREKHAN LIMITED, ASHIANA PLAZA, 406B-407, BUDDHA MARG,800001, Tel: 0612-2213112-16/2207870; SPA SECURITIES LIMITED, 301 A IIIRD FLOOR BHUWNESHWAR PLAZA NEAR MAGADH STOCK EXCHANGE-800001,
Tel: 9234756087. PONDICHERRY: CENTRUM WEALTH MANAGEMENT LIMITED, HINDOCHA INVESTMENT & FIN. SERVICES 335,1ST FLR. MISSION
STREET-605001, Tel: 09092078595; RELIGARE SECURITIES LIMITED, 496, M G ROAD-605001, Tel: +919500005784. PUNE: A K STOCKMART PVT LTD, 7, M.G.
ROAD, WONDER LANDBASEMENT , PUNE-411001, Tel: 020 40068695; A K STOCKMART PVT LTD, B-6, SWOJAS COMPLEX PARIHAR CHOWK,AUNDH,
PUNE:411007. Tel: 9322310470 , 020-25890824; JM FINANCIAL SERVICES PVT LTD, 205 BUSINESS GUILD ,OPP. KRISHNA DINING HALL,LAW COLLEGE
ROAD, ERANDAWANE,-411004, Tel: 020-3987 1601/00/66033720. RAIPUR: PRABHUDAS LILLADHER PVT LTD, C/O.KHEMKA INVESTMENT, GUDHIYARI492009, Tel: 0771-2524281, 2523889; PRABHUDAS LILLADHER PVT LTD, C/O. ARHAM SECURITIES, 140 MAHALAKSHMI MARKET, PANDRI-492004, Tel: 0771
- 4000011/12; RELIGARE SECURITIES LIMITED, 2ND FLOOR NAGDEV PLAZA, OPP. HOTEL SATLUJ, JAIL ROAD-492001, Tel: +919993094983; SHAREKHAN
LIMITED, RIDHI HOUSE, 27/218, NEW SHANTI NAGAR-492007, Tel: 0771- 4217777, 4281172, 4001004. RAJAHMUNDRY: RELIGARE SECURITIES LIMITED,
D.NO 46-7-31, IIND FLOOR, YOSODHAN TOWERS, OPP:RELIANCE WEB WORLD, DANAVAIPET-533102, Tel: +919346970333. RAJKOT: ASSET ALLIANCE
SECURITIES PVT LTD, KRISH CORNER AMIN MARG-360005, Tel: 9825677399,0281-2458120,21; JM FINANCIAL SERVICES PVT LTD, 202 SOLITAIRE, 2ND
FLOOR, SWAMI VIVEKANAND MARG, NEAR MUNICIPAL COMMISSIONER BUNGLOW, RAMKRISHNA NAGAR, -360007, Tel: 0281-3984101/3984000; RELIGARE
SECURITIES LIMITED, OFFICE NO 313,314,315 & 316, 3RD FLOOR SIDDHI VINAYAK COMPLEX OPP.RAMKRISHNA ASHRAM, DR.YAGNIK ROAD-360001,
Tel: +919898039906; SHAREKHAN LIMITED, 102/103,HEM ARCADE,,OPP VIVEKANAND STATUE,,DR YAGNIK ROAD,-360001, Tel: 0281-2482483- 85. RANCHI:
PRABHUDAS LILLADHER PVT LTD, C/O ANANT INVESTMENTS, UNIT 202, 2ND FLOOR, GIRDHAR PLAZA, HARMU ROAD-834001, Tel: 0651 - 6453395;
RELIGARE SECURITIES LIMITED, UNIT NO. 104 & 105, FIRST FLOOR, MAHABIR TOWER, MAIN ROAD-834001, Tel: +919334043336; SHAREKHAN LIMITED,
SHREE GOPAL COMPLEX, 4TH FLOOR, ROOM NO I, COURT ROAD,-834001, Tel: 0651- 2208205/2312715 . RAVIPURAM: A K STOCKMART PVT LTD, 39/9917,
3RD PULLATH BUSINESS CENTRE, KURISHUPALLY ROAD, RAVIPURAM, COCHIN 682015. Tel: 08089072350,09605612898. SALEM: PRABHUDAS LILLADHER
PVT LTD, C/O. VIJAYA & CO. 105 & 106 1ST FLR, LIGHT HOUSE COMPLEX, FOUR ROAD-636009, Tel: 0427-2353588/ 3599; RELIGARE SECURITIES LIMITED,
FIRST FLOOR, 116, OMALUR MAIN ROAD, OPP TVS WORKSHOP-636007, Tel: +919940174717; SHAREKHAN LIMITED, SRI GANESH TOWER,561,2ND
FLOOR,,SARADHA COLLEGE MAIN ROAD-636007, Tel: 0427-2315790. SECUNDERABAD: JM FINANCIAL SERVICES PVT LTD, 3RD FLOOR, 305 JADE
ARCADE, OPP PARADISE HOTEL, M G ROAD, SECUNDRABAD 500 003. Tel: (040) 3982 5200; PRABHUDAS LILLADHER PVT LTD, A-66/67, MINERVA
COMPLEX, 1ST FLOOR-500003, Tel: 040-66908796; RELIGARE SECURITIES LIMITED, 315, 3RD FLOOR, BHUVANA TOWERS, S D ROAD-500003, Tel:. SHIMOGA:
RELIGARE SECURITIES LIMITED, NO.575/562/937, & 576/563/938, OPPOSITE CANARA BANK DIVISIONAL OFFICE, KUVEMPU ROAD-577201, Tel:
+919901996941. SILIGURI: RELIGARE SECURITIES LIMITED, APOLLO TOWERS, 3RD FLOOR, SEVOKE ROAD-734001, Tel: +919903944606; SHAREKHAN

RURAL ELECTRIFICATION CORPORATION LIMITED

41

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


LIMITED, 2ND FLOOR, GANESHAYAN BUILDING,112,,SEVOKE ROAD, BESIDE SUNFLOWER SHOPPING MALL-734001, Tel: 0353 - 6453475 -79/2530253;
PRABHUDAS LILLADHER PVT LTD, C/O.SRI GOGAJI INVESTMENTS, 1ST FLR, ANAND MANGAL SQUARE, S.F RD DIST : DARJEELING -734005, Tel: 03532500192. SOLAPUR: RELIGARE SECURITIES LIMITED, SHOP NO.: - 05 , GROUND FLOOR, CITY PRIDE COMMERCIAL COMPLEX, A WING, PANKHA
BAWDI, NEAR OLD EMPLOYMENT CHOWK-413001, Tel: +919325393251. SURAT: A K STOCKMART PVT LTD, 301, CITY SQUARE BUILDING, OPP. BSNL
OFFICE, AJRAMAR CHOWK,NEW RANDER ROAD,SURAT - 395009. Tel: 9825409920; A K STOCKMART PVT LTD, 401, EMPIRE STATE BUILDING, NR.
UDHNA DARWAJA,RING ROAD,SURAT - 395002. JM FINANCIAL SERVICES PVT LTD, 407, 4TH FLOOR, 21 CENTURY BUSINESS CENTRE, NEAR UDHNA
CHAR RASTA, RING ROAD,-395002, Tel: 0261-3984000. SURENDRANAGAR: A K STOCKMART PVT LTD, 2-A, SECOND FLOOR, AVANTIKA COMPLEX,
LIMDA LANE, JAMNAGAR: 361001. Tel: 9825506111, 02752-222468. THANE: RELIGARE SECURITIES LIMITED, IST FLOOR, OFFICE NO-101 A AND 101 B,
CHANDRAMA CO-OP. HOUSING SOCIETY LTD, RAM GANESH GADKARI PARTH, RAM MARUTI CROSS ROAD, NAUPADA-400602, Tel: +919967660597.
THANJAUUR: RELIGARE SECURITIES LIMITED, ANANDHA TRADERS, 1ST FLOOR, 2A1B/2A1A, NO. 2886, SRINIVASAM PILLAI ROAD-613001, Tel:
+919940087254. TIRUCHY: A K STOCKMART PVT LTD, NO-69, NORTH ANDAR STREET, TRICHIRAPALL-620002 . Tel: 09842451975,09842492829. TIRUPUR:
RELIGARE SECURITIES LIMITED, NO.1, 2ND FLOOR BINNY MAIN ROAD PARK ROAD -641601, Tel: +919176999351; SHAREKHAN LIMITED, POOMA
COMPLEX,1ST FLOOR,,M G ROAD,-680001, Tel: 0487-2446971/72/73/74. TRICHY: RELIGARE SECURITIES LIMITED, A 11, 2ND FLOOR, PL.A. KANAGU
COMPLEX 11TH CROSS,THILLAI NAGAR-620018, SHAREKHAN LIMITED, F-1, ACHYUTA, 111-BHARATIDASAN SALAI, CANTONMENT-620001, Tel: 0431
- 4000705/2412810. TRIVANDRUM: SHAREKHAN LIMITED, LAXMI BLDG.,1ST FLOOR, T.C.NO.26/430, VANROSE ROAD-695039, Tel: 0471 - 6450657. TUMKUR:
RELIGARE SECURITIES LIMITED, NO.12& 13, SANTRUPTHI COMPLEX, VIVEKANANDA ROAD-572101, Tel: +919448235139. UDAIPUR: RELIGARE
SECURITIES LIMITED, 405-409, HG 1-20, HAJARESHWAR COLONY, OPP. HANUMAN TEMPLE COURT ROAD-313001, Tel: +919928014086; SHAREKHAN
LIMITED, 405, DAULAT CHAMBERS, SARDARPURA-313004, Tel: 0294-2426945/6/3292512 . ULKA NAGARI: A K STOCKMART PVT LTD, SHOP NO B-2,
UDYOG DRUSHTI APARTMENT,GOLWALKAR GURUJI MARG,ULKA NAGARI,AURANGABAD: 431005. Tel:. VADODARA: BONANZA PORTFOLIO LTD,
OFFICE NO. 1, 1ST FLOOR, SHEEL COMMERCIAL COMPLEX, RACE COURSE RD, ELLORA PARK-390007, Tel: 02652-356339; EMKAY GLOBAL FINANCIAL
SERVICES LTD, 201/202, TILAK COMPLEX-PRAKASH COLONY, JETALPUR ROAD-390007, Tel: 9833522839; JM FINANCIAL SERVICES PVT LTD, G1GROUND
FLOOR, SHOHAN, 49 ALKAPURI SOCIETY, OPP. HDFC BABK, ALKAPURI,-390007, Tel: 0265-3984 300; PRABHUDAS LILLADHER PVT LTD, F-1, VAIKUNTH
COMPLEX, 1ST FLOOR, 27 ANAND NAGAR SOCIETY, PRODUCTIVTIY ROAD, ALKAPURI-390005, Tel: 0265 - 2320568/5584774. VALSAD: RELIGARE
SECURITIES LIMITED, SHOP NO 209/210, 2ND FLOOR, K.B. MALL, HALAR ROAD-396001, Tel: +919974097405. VARANASI: A K STOCKMART PVT LTD, D64/127,C-H,ARIHANT COMPLEX,NAGAR NIGAM ROAD,SIGRA,VARANASI ,UP-542001. Tel: 9336835110/9415000000; GIGANTIC SECURITIES LTD, SHOT NO
(8 & 9); LAXMI CINAMA CAMPUS; MAHMOORGANJ -221010, Tel: 9305174568 . VIJAYAWADA: SHAREKHAN LIMITED, CENTURIAN PLAZA, D. NO: 401-129, 2ND FLOOR, OLD COOLEX BUILDING, M.G. ROAD-520010, Tel: 0866-6629993/2493753/ 6641919; RELIGARE SECURITIES LIMITED, 2ND FLOOR, JM2, 40-1-139, MOHIUDDIN ESTATE, BANDAR ROAD-520010, Tel: +919392226267. VISAKHAPATNAM: ASSET ALLIANCE SECURITIES PVT LTD, DOOR NO:
47-10-1/6, 1ST FLOOR , BHUVANESWARI PLAZA DWARKANAGAR-530016, Tel: 0891-6620301,09848181109; EMKAY GLOBAL FINANCIAL SERVICES LTD,
FLAT NO.203, FIRST FLR, D.NO.47-15-10 VRC CMPX RAILWAY STN RD DWARAKA NGR-530016, Tel: 9833522839; SHAREKHAN LIMITED, 10-1-35/B, THIRD
FLOOR, PARVATHANENI HOUSE, VALTAIR UPLANDS, CBM COMPOUNDS-530003, Tel: 0891 - 6673000/6671744; JM FINANCIAL SERVICES PVT LTD, DOOR
NO 9-1-224/4/3, 1ST FLOOR, NANDAN NIRMAN, CBM COMPOUND, NEAR RAMA TALKIES JUNCTION, -530003, Tel: (0891) 3983 800. WARANGAL: RELIGARE
SECURITIES LIMITED, H.NO.: - 8-5-45/ 1, SEETHARAMA COMPLEX, STATION ROAD-506002.
AXIS CAPITAL LIMITED
AGRA : Integrated Master Sec, 19/4, UG 5-6, Vimal Tower, Sanjay Palace, Pin:282002, Ph:0562-3291371. Karvy Stock Broking Ltd,17/2/4, 2nd Floor, Deepak Wasan
Plaza,Sanjay Place, (Behind Holiday Inn),Pin-282002,Ph:0562-2526660. AHMEDABAD : Marwadi Shares & Finance,9/10, Haridarshan Complex, Opp HDFC Bank,Maninagar
Chaar Rasta,Maninagar,Pin-380008. Marwadi Shares & Finance,Amazon Corporation Park-Part 4, B/h.Navrangpura Post Office,Choice Restaurant Lane,Off C G Rd,Pin380009. Marwadi Shares & Finance, Ast-Mangal, Nr Rajasthan Hospital, Sahibaug,Pin-380004. IDBI Capital Market Services,314, 3rd Floor Crystal Arcade,Beside BSNL
Complex, Near Girish Cold Drink Cross Road, C G Road,Pin-380006,Ph:079-40075054. Karvy Stock Broking Ltd,201-203 Shail; Opp: Madhusudhan House,Near Navrangpura
Telephone Exchange Office, Off C.G. Road,Pin-380006,Ph:079-26445235. Motilal Oswal Sec, Bearing no. G-6/7/8/9 & 10,Citypride Complex, Near Nalanda Hotel,
Mithakali Circle, Navrangpura,Pin:380009. AJMER : Karvy Stock Broking Ltd,12, II Flr,Ajmer Tower, Kutchary Road,Pin-305001,Ph:0145-2628055. ALIGARH : Karvy
Stock Broking Ltd,1st Flr, Kumar Plaza, Ramgath Road, Vishnupuri,Pin-202001,Ph:0571-2509106. ALLAHABAD : Karvy Stock Broking Ltd,2nd Flr, Rsa Towers, Above
Sony Showroom,57, Sardar Patel Marg, Civil Lines,Pin-211001,Ph:0532-2260291. AMBALA : Karvy Stock Broking Ltd,6349, Nichoson Road, Adjacent Kos Hospital,Ambala
Cantonement,Pin-133001,Ph:0171-2640668. Karvy Stock Broking Ltd,SCF-15, Vikas Vihar,Pin-134003,Ph:0171-2551757. AMRITSAR : Karvy Stock Broking Ltd,72-A
TaylorS Road,Opp.Aga Heritage Gandhi Ground,Pin-143001,Ph:0183-5053802. ANAND : Karvy Stock Broking Ltd,Ff-6, Chitrangana, Opp: Motikaka Chawl,Vidyanagar
Road,Pin-388120,Ph:02692-248980. BANGALORE : Axis Capital Ltd,10/3, Ground Floor,No.29, Empire Infantry,Infantry Road,Pin-560001,Ph:080-40333222/3218.
IDBI Capital Market Services,2nd Floor, Globe House, 105 Richmond Road,Pin-560025,Ph:080-22117869. JM Financial Services,97/4 Residency Rd,Pin:560025,Ph:08030912400. Sumedha Fiscal Services Ltd,Park Plaza, Flat No-F2, Flat No. F3, 1st floor,New No. 1/3 Park Road,Pin-560001,Ph:080-41242545. Karvy Stock Broking Ltd,No
54, Yadalamma Heritage ,Gr Flr Vanivilas Road, Next To Butter Sponge , Basavangudi,Pin-560004,Ph:080-26621192. BAREILLY : Karvy Stock Broking Ltd,1st Flr, 165,
Civil Lines,Opp.Hotel Bareilly Palace, Near Rly Station,Pin-243001,Ph:0581-2310470. BHARUCH : Karvy Stock Broking Ltd,Ff 47/48 Aditya Complex,Opp. Kasak
Fuwara,Pin-392001,Ph:02642-225207. BHAVNAGAR : Marwadi Shares & Finance,203-Prithvi Complex. 2nd Floor, Kalanala,Ph:0278-2433713. IDBI Capital Market
Services,108 1st Floor, Shoppers Point,Parimal Chowk, Waghawadi Road,Pin-364002,Ph:-9374840644. Karvy Stock Broking Ltd,301, 3Rd Floor, Surabhi Mall, Near Icici
Bank,Waghawadi Road,Pin-364001,Ph:0278-2567005. BHILLAI : Karvy Stock Broking Ltd,Shop No.138,New Civic Centre,Pin-490006,Ph:0788-2295329. BHOPAL :
Kalpataru Multiplier Ltd,102-103, Earning Point, Mandakini Chouraha,Ph:0755-4276709. Kalpataru Multiplier Ltd,12-B, Indrapuri, Near SBI, Plant Area Branch, Bhel,Pin462021,Ph:0755-4261959. Kalpataru Multiplier Ltd,134-136, Bhopal Plaza, Nr Bhopal Talkies, Hamidia Road,Ph:0755-4094059. Kalpataru Multiplier Ltd,E-3/103 Arera
Colony, Near Cindrella School,Pin-462016,Ph:0755-4276724. Kalpataru Multiplier Ltd,Hall-2, 1st Flr, Above Central Bk,GTB Cmplx, T T Nagar,Pin-462001,Ph:07554235726. Kalpataru Multiplier Ltd,Kalpataru House, 18 Itwara,Pin-462001,Ph:0755-4084201. IDBI Capital Market Services,Harisons House, Upper Ground Floor,6 Malviya
Nagar,Pin-462003,Ph:0755-2760010. Karvy Stock Broking Ltd,Kay Kay Business Centre,133, Zone 1, Mp Nagar,Pin-462011,Ph:0755-4,092,712. BHUBANESHWAR :
IDBI Capital Market Services,IDBI House, Janpath, Unit IX,Pin-751022,Ph:0674-3208801. Karvy Stock Broking Ltd,624, Saheednagar,First Floor,Pin-751007,Ph:06742511011. CHANDIGARH : IDBI Capital Market Services,SCO 86, 1st Floor, Sector 44 C,Pin-160044,Ph:0172-3242449. Karvy Stock Broking Ltd,Sco 371-372, Above
HDFC Bank,Sector 35-B,Pin-160036,Ph:0172-5071726. Master Capital Services, S.C.O.,22-23(Iind Floor), Sector 9-D,Pin:160009, Ph:9814610637. CHENNAI : Enam
Securities Direct Pvt Ltd,11, Vijay Delux Apts., 7/4 First Main Road, Cit Colony, Mylapore,Pin-600004,Ph:044-39184335/4226. Sun N Sun Financial,357, Mint
Street, 2nd Flr, Sowcarpet,Pin-600079,Ph:044-5395925. IDBI Capital Market Services,Flat No. D, 1st Floor, Deve Regency,No. 6/11, 1st Main Road, Gandhi Nagar,
Adyar,Pin-600020,Ph:044-32935830. JM Financial Services,Gee Gee Crystal - 5th Floor,91-92. Dr.Radhakrishnan Salai,Mylapore,Pin:600004, Ph:044-42255666. Karvy
Stock Broking Ltd,F-3 Adyar Business Court, Old No 5,New # 51, Gandhi Nagar First Main Road, Adayar,Pin-600020,Ph:044-42116586. COIMBATORE : IDBI Capital
Market Services,2nd Floor, 16, Sathya Moorthy Road,Opp. Ayyapaseva Sangam, Ramnagar,Pin-641009,Ph:0422-3208226. Karvy Stock Broking Ltd,Jaya Enclave, 1057/
1508,Avanashi Road,Pin-641018,Ph:0422-4291000. CUTTACK : Karvy Stock Broking Ltd,Opp.Jaganath Petrol Pump,Arunodya Market, Link Road,Pin-753012,Ph:06712332680. Karvy Stock Broking Ltd,Dargha Bazar,1st Floor,Pin-753001,Ph:0671-2613905. DEHRADUN : Motilal Oswal Sec, Sainath Inv, 1,Onkar Road,Behind G.P.O,
Pin:248001 Ph:2659752. Karvy Stock Broking Ltd,48/49, Patel Market, Opp: Punjab Jewellers,Near Gandhi Park, Rajpur Road,Pin-248001,Ph:0135-2713351. Karvy Stock
Broking Ltd,Kaulagarh Road, Near Sirmour Marg,Pin-248001,Ph:0135-2754334. ERODE : Karvy Stock Broking Ltd,No.4, KMY Salai, Veerapan Traders Complex,Opp:
Erode Bus Stand, Sathy Road,Pin-638003,Ph:0424-2225601. FARIDABAD : Karvy Stock Broking Ltd,A-2B, 1St Floor, Neelam Bata Road,Nit,Pin-121001,Ph:01294024441. GHAZIABAD : Karvy Stock Broking Ltd,1st Floor,C-7, Lohia Nagar ,Pin-201001,Ph:0120-2701886. GORAKHPUR : Karvy Stock Broking Ltd,Above V.I.P.
House,Adjacent, A.D. Girls College, Bank Road,Pin-273001,Ph:0551-2346519. GUNTUR : Karvy Stock Broking Ltd,6-10-18, II Floor,10/1, Arundelpet, 2nd Floor,Pin522002,Ph:0863-2326684. GURGAON : Karvy Stock Broking Ltd,Shop No 18, Near Huda Office, Ground Floor, Opp. Akd Office,Sec.14, Old Delhi Road, Nr Madras

42

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Restaurant,Pin-122001,Ph:0124-4086419. GUWAHATI : IDBI Capital Market Services,C/o IDBI Ltd., IDBI House, 4th Floor,North Eastern Zonal Office, G. S. Road,Pin781005,Ph:-9864259980. Karvy Stock Broking Ltd,2Nd Floor, Ram Kumar Plaza, Chatribari Road,Near Himatshinga Petrol Pump,Pin-781001,Ph:0361-2608016. Motilal
Oswal Sec, Agarwalla Cap, 3rd Floor, Basanta Enclave Dr. B.Barooah Road, Ulubari Near Nokia Care, Pin:781001. GWALIOR : Karvy Stock Broking Ltd,Near Nadigate
Pul, Mlb Road,Shinde Ki Chawani,Pin-474001,Ph:0751-4069001. Karvy Stock Broking Ltd,52, Mayur Market, First Floor,Near Petrol Pump, Thatipur, Gandhi Road,Pin474001,Ph:0751-2340200. HISSAR : Karvy Stock Broking Ltd,Sco 17 Red Square Market,1St Floor,Pin-125001,Ph:01662-225868. HUBLI : Karvy Stock Broking Ltd,Giriraja
House, No.451 /B,Ward No.1, Club Road,Pin-580029,Ph:0836-2353962. HYDERABAD : Enam Securities Direct Pvt Ltd,6-3-650/217B & C, Maheshwari Chambers,
2Nd Flr.,Somajiguda,Pin-500082,Ph:040-39893626/30658502. IDBI Capital Market Services,C/o IDBI Ltd., 3rd Floor, IDBI House,D. No. 5-9-89 / 1 & 2, Chapel Road,
P. B. No. 370,Pin-500001,Ph:040-66747540. JM Financial Services,3rd Floor, 305 Jade Arcade, Opp Paradise Hotel, M G Road, Secundrabad,Pin:500003, Ph:040-39825200.
Karvy Stock Broking Ltd,21, Avenue 4,Street No.1, Banjara Hills,Pin-500034,Ph:040-23312454. Karvy Stock Broking Ltd,15-6-464/470, 1St Floor,Salasar Complex, (Near
Fish Market), Begum Bazar,Pin-500012,Ph:040-23433100. Motilal Oswal Sec, 201, Lumbini Amrutha Chambers,Nr Nagarjuna Circle, Road -3, Banjara Hills,Pin:500082.
INDORE : IDBI Capital Market Services,204, 2nd floor,Sapphire Heights Scheme Number 54, PU-3,12 A.B.Road, Opposite C21 Mall, Vijay Nagar,Pin-452010,Ph:07312554229. JM Financial Services,UG-7 & 8, Ground Floor, D M Tower,21/1, Race Course Road,Pin:452004,Ph:0731-3072111. Karvy Stock Broking Ltd,105-107,D M
Towers, 21/1, Race Cource Road,Near Janjeerwala Chowrah,Pin-452001,Ph:0731-3014200. JAIPUR : Ashwani Dandia & Co,7, Gopinath Marg, New Colony,Ph:01412371603. Ashwani Dandia & Co,Room No. 236, Jaipur Stock Exchange Building, Malviya Nagar,Pin-302107,Ph:0141-2371603, 2360790. IDBI Capital Market Services,314
3rd Floor, Ganpati Plaza, M. I. Road,Pin-302001,Ph:0141-3208276. JM Financial Services,JM Financial,G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme,
Pin:302001, Ph:0141-3984400. Karvy Stock Broking Ltd,S-16/A, Land Mark, 3Rd Floor,Opp Jai Club, Mahaveer Marg, C Scheme,Pin-302001,Ph:0141-2378703. JALANDHAR
: Karvy Stock Broking Ltd,Prime Tower, Lower Ground Flr, Off.No.3,Plot No 28, G T Road,Pin-144001,Ph:0181-4634401. JAMMU : Karvy Stock Broking Ltd,1st Flr,
29 D/C,Near Services Selection Board, Gandhinagar,Pin-180004,Ph:9906297556. Integrated Master Sec, 95/1, First Floor, Main Road, Trikuta Nagar, Pin:180012, Ph: 01912472772. JAMNAGAR : Marwadi Shares & Finance,433-438, Indraprasth Complex, 4th Flr.,Nr Nobat karyalay, Pancheshwar Tower Rd,Pin-361001,Ph:0288-2551763.
Karvy Stock Broking Ltd,G-12 & 108 Madhav Plaza, Opp: Sbs Bank,Near Lal Bungalow,Pin-361001,Ph:0288-2556520. JAMSHEDPUR : Karvy Stock Broking Ltd,2nd
Flr, Kanchan Towers,3 Sb Shop Area, Main Road, Bistupur,Pin-831001,Ph:0657-2487020. Motilal Oswal Sec, Narnolia Sec, OM Tawer, 4th floor,S.B. Shop Area, Q Road,
Bistuupur, Pin: 831001,ph: 9334424678. JODHPUR : Karvy Stock Broking Ltd,203, Modi Arcade,Chopasni Road,Pin-342001,Ph:0291-5103026 . KAKINADA : Karvy
Stock Broking Ltd,13-1-46, 1st Flr, Sri Deepthi Towers, ICICI Bank Complex, Main Road,Pin-533001,Ph:0884-2387382. KANPUR : Karvy Stock Broking Ltd,15/46,
Civil Lines, Near Muir Mills,Stock Exchange Road,Pin-208001,Ph:0512-2330127. Karvy Stock Broking Ltd, 81/4, Block No. 9,Govindnagar,Pin-208006,Ph:0512-329600.
KOCHI : IDBI Capital Market Services,2nd Floor, Pavana House, K. P. Vallon , K. P. Vallon Road, Kadavanthra,Pin-682020,Ph:0484-3210712. Karvy Stock Broking
Ltd,Cheruparambathu Road,1St Cross Road, Kadavanthra,Pin-682020,Ph:0484-4017925. KOLHAPUR : Karvy Stock Broking Ltd,Omkar Plaza, Shop No. F2 & F4,1St
Floor, Rajaram Road, Near ICICI Bank,Pin-416008,Ph:0231-2520650. Motilal Oswal Sec, Tradenet Sec, Akshar Plaza, Off No. 14-18 264/ K , Tara Bai Park, Off. Sasane
Ground, Pin:416001. KOLKATA : IDBI Capital Market Services,Suit No 2 B, 228 A, Landmark Bldg - Seconf Floor , Mintopark ,AJC Bose Road,Pin-700020,Ph:03332502896. JM Financial Services,Kankaria Estate, 8th Flr,6th Little Russell Street,Pin:700071,Ph:033-39870330. Karvy Stock Broking Ltd,19, R N Mukherjee Road, 2nd
Flr,Pin-700001,Ph:033-22437863. Motilal Oswal Sec, Constantia 11 U N Bramachari Street,3rd Floor,Pin:700017. Sumedha Fiscal Services Ltd, 8B, Middleton Street, 6th
Floor, 6A, Geetanjali Aprtment,Pin-700071,Ph:033-22298936. KOTA : Karvy Stock Broking Ltd,29, Shopping Centre, 1 Flr,Near Lala Lapatrai Circle,Pin-324007,Ph:07442365145. LUCKNOW : IDBI Capital Market Services,1st Floor, Halwasiya House,11 M. G. Marg,Hazratganj,Pin-226001,Ph:0522-3250987. Karvy Stock Broking Ltd,94,
Mahatma Gandhi Marg,Opp: Governor House, Hazratganj,Pin-226001,Ph:0522-2236819. Karvy Stock Broking Ltd,HIG 67, Sector E,Aliganj,Pin-226016,Ph:0522-2329419.
Motilal Oswal Sec, MLK Sec, 27/11 A Asha Bhawan Gokhley Marg, Pin:226001. LUDHIANA : Karvy Stock Broking Ltd,Ground Floor, Sco -3,Feroze Gandhi Market,Pin141001,Ph:0161-4680050. Master Capital Services, Master Chambers, S.C.O.19,Feroze Gandhi Mkt, Pin:141001, Ph:3911532. MADURAI : Karvy Stock Broking Ltd,274,
Goods Shed Street,Pin-625001,Ph:0452-2350855. Karvy Stock Broking Ltd,Rakesh Towers, Opp Murugappa Motors,No.30, By Pass Road,Pin-625010,Ph:0452-2600851.
MANGALORE : IDBI Capital Market Services,1st Floor, Bridge Square, Balmatta Road,Pin-575001,Ph:0824-4278032. Karvy Stock Broking Ltd,Mahendra Arcade,
Ground Floor,No.4-6-577/21/22, Kodial Bail,Pin-575003, Ph:0824-2492302. MEERUT : Integrated Master Sec, Shankar Markt, Abu Lane, Pin:250001, Ph:9358402718.
Karvy Stock Broking Ltd,1st Floor, Medi Centre, Opp Eves Centre,Hapur Road Near Bachha Park,Pin-250002,Ph:0121-2520068. MORADABAD : Karvy Stock Broking
Ltd,Om Arcade, First Floor, Parkar Road,Above Syndicate Bank, Taari Khana Chowk,Pin-244001,Ph:0591-2310470. MUMBAI : Axis Capital Ltd,Hari Chamber,
Ground Floor, 58/64, Shahid Bhagat Singh Road, Fort,Pin-400001,Ph:022-22677901. Almondz Global Securities Ltd, 9, Crescent Chambers, 2nd Floor, 56 Tamarind
Lane, Fort, Near BSE, Pin-400001,Ph:022-22618055 / 8069. ANS Pvt Ltd,A-123/124, satyam Shopping Centre, M G Rd,Ghatkopar (E),Pin-400077,Ph:022-39558604. ANS
Pvt Ltd,C/9,Satyam Shopping Centre, M G Road,Ghatkopar (E),Pin-400077,Ph:022-25104141. Dalal & Broacha Stock Broking Pvt Ltd,2,Karishma ,Utkarsh Mandal
Chowk,Mahant Rd,Vile Parle(E),Pin-400057,Ph:022-26195251. Dalal & Broacha Stock Broking Pvt Ltd,21, Olympus, 2nd Fl, 179/81, Perin Nariman Street, Fort,Pin400001,Ph:022-22691732. IDBI Capital Market Services,Mafatlal Centre , 3rd Flr , Nariman Point,Pin-400021,Ph:022-43221212. IDBI Capital Market Services,Shop No.
8, Thacker Tower Premises,Co-Op Society Ltd., Plot No. 86, Sector 17, Vashi,Pin-400705,Ph:022-27893262. Integrated Master Sec, 8, Crescent Chamber ,2nd Floor, Homi
Mody X, Street No-2, Fort, Pin:400023, Ph:9323029613. JM Financial Services,2,3,4 Kamanwala Chambers,P M Road, Fort,Pin:400001,Ph:022-22665577. Karvy Stock
Broking Ltd,7, Andheri Industrial Estate,Off: Veera Desai Road,Pin-400053,Ph:022-26730799. Keynote Capitals Ltd,9th Floor , The Ruby, Senapati Bapat Marg Dadar W
Mumbai -400028 ,Pin-400028, Ph:022-30266000. Master Capital Services, C-1,18/20,Jeevan Jyot Bldg, Cawasji Patelstreet, Fort, Pin:400001, Ph:43445454. Motilal Oswal
Sec, Queens Mansion,2nd Flr, 44, A. K. Naik Marg, Behaind Khadi Gramodyog Fort, Pin:400001. Nirmal Bang Securities Pvt Ltd,38B/39,Khatau Bldg.,2nd Flr, Alkesh
Dinesh Modi Marg,Fort,Pin-400001,Ph:022-39269125. Sumedha Fiscal Services Ltd,C-703, Marathon Next Gen Innova, Off. G Kadam Marg, Opp Penninsula Corporate
Park, Lower Parel,Pin-400013,Ph:022-24930531. MUZAFFARNAGAR : Karvy Stock Broking Ltd,203/99 C, Sadar Bazar, Town Hall Road,Opp. Peace Library, Above
Bank Of India,Pin-251001,Ph:0131-2437349. MYSORE : Karvy Stock Broking Ltd,L-350, Silver Tower, 1St Floor,Ashoka Road, Opp: Clock Tower,Pin-570001,Ph:08212524292. NADIAD : Karvy Stock Broking Ltd,104-105, City Point,Near Paras Cinema,Pin-387001,Ph:0268-2563210. NAGPUR : IDBI Capital Market Services,Unit No.
104, Ashish Annexe,Plot J-13 A, WHC Road, Laxmi Nagar,Pin-440022,Ph:0712-2230005. Karvy Stock Broking Ltd,230-231, 3rd Floor, Shriram Shyam Towers,Next To
NIIT Building, Sardar, Kingsway,Pin-440001,Ph:0712-6614146. NASIK : Karvy Stock Broking Ltd,F1, Suyojit Sankul Sharanpur Road,Near Rajiv Gandhi Bhavan,Pin422002,Ph:0253-6602542. NAVSARI : Karvy Stock Broking Ltd,1St Floor, Chinmay Arcade,Opp: Sattapir, Sayaji Road,Pin-396445,Ph:02637-280362. NEW DELHI : Axis
Capital Ltd,M-39, IInd Floor, Outer Circle,Opp.Super Bazar, Connaught Place,Pin-110001,Ph:011-49811200/201. Almondz Global Securities Ltd,2nd Floor, 3, Scindia
House, Janpath, New,Pin-110001,Ph:011-41514666-69. Dalal & Broacha Stock Broking Pvt Ltd,18/17, WEA, Dakha House, Karol Bagh,Pin-110005,Ph:011-28756444. IDBI
Capital Market Services,Office No. 216-217-218, Second Floor,Vardhman Tower, Preet Vihar,Pin-110092,Ph:-32472133. IDBI Capital Market Services,C-1/103-104,Lajpat
Nagar -1,Pin-110024,Ph:-9312059429. Integrated Master Securities, 303-304, New Delhi House, 27, Barakhamba Road, Pin:110001, Ph: 43074307. JM Financial Services,114
Himalya House,23,K G Marg,Pin:110001,Ph:011-41305000. Karvy Stock Broking Ltd,105-108, Arunachal Building,19, Barakhamba Road, Connaught Place,Pin-110001,Ph:01123324401. Master Capital Services,1012,Arunachal Bldg, 19,Barakhamba Road, Pin:110001,Ph:9871083921. Sumedha Fiscal Services Ltd,B1/12 Safdarjung Enclave,2nd
Floor,Pin-110029,Ph:011-41654481. NOIDA : Karvy Stock Broking Ltd,307, Jaipuria Plaza, D-68A,2Nd Floor, (Opp Delhi Public School) Sector 26,Pin-201301,Ph:01202539271. PANIPAT : Karvy Stock Broking Ltd,1st Flr, Krishna Tower,Above Amertex G T Road,Pin-132103,Ph:0180-2644308. PANJIM : Karvy Stock Broking Ltd,No.7
& 8, El. Dorado Plaza,Heliodoro Salgado Road, Panjim,Pin-403001,Ph:0832-2426870. PATIALA : Karvy Stock Broking Ltd,SCO 27 D, Chhoti Baradari,Pin-147001,Ph:01755051726. PATNA : Gogia Capital,Sikender Manzil, Fraser Road,Pin-800001,Ph:0612-235153/236668. IDBI Capital Market Services,Patna Branch Office, 205, 2nd Floor,Grand
Plaza, Fraser Road,Pin-800001,Ph:0612-3200687. Karvy Stock Broking Ltd,Anand Tower, 2Nd Floor, Exhibition Road,Near Republic Hotel, Opp: Mithila Motors,Pin800001,Ph:0612-2321354. Motilal Oswal Sec, Narnolia Sec, 504 Ashaiana Plaza Budh Marg, Pin:800001. PUNE : Axis Capital Ltd,1248A, Asmani Plaza, Ground
Flr.,Goodluck Chowk, Deccan Gymkhana, Shivaji Nagar,Pin-411004,Ph:020-25521606/406. Dalal & Broacha Stock Broking Pvt Ltd,111,Akshay Complex,Off Dhole
Patil Rd,Pin-411001,Ph:020-56010930. IDBI Capital Market Services,Office No. 32 / 33, 2nd Floor, Building B,Wing C, Shrinath Plaza, Modern College, Shivagi Nagar,Pin411004,Ph:020-32913133. JM Financial Services,205 Business Guild ,Opp. Krishna Dining Hall,Law College Road, Erandawane, Pin:411004, Ph:020-39871601. . Karvy
Stock Broking Ltd,Office -88, 4th Floor, B Wing, Shrinath Plaza,Sant Dayaneshwar Paduka Chowk, FC Road,Pin-411033,Ph:020-30203100. RAIPUR : Karvy Stock
Broking Ltd,02& 03, Lower Level, Millennium Plaza,Ground Floor, Behind Indian Coffee House, G E Road,Pin-492001,Ph:0771-2236694. RAJAHMUNDRY : Karvy

RURAL ELECTRIFICATION CORPORATION LIMITED

43

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


Stock Broking Ltd,D.No.79-1-3/1,Jawahar Lal Nehru Road,Pin-533102,Ph:0883-2437494. RAJKOT : Enam Securities Direct Pvt Ltd, 308, 3rd Floor, Towar Commercial
Complex,Jawahar Complex,Near Galaxy Hotel,Pin-360001,Ph:0281-2226383/384. Anil Dhulia,Saket Plaza, 1st Flr., Dr Radhakrishnan Rd,Harihar Chowk,Pin360001,Ph:0281-2224324/2234719. Marwadi Shares & Finance,Marwadi Financial Centre, 150 Ft Ring Road, Nr Nana Mava Main Road,Pin-360004,Ph:0281-3011195.
ANS Pvt Ltd-Arham Fin Centre,Panchnath Main Road, Harihar Chowk,Pin-360001,Ph:0281-2450745. IDBI Capital Market Services,1st Floor, Ankur Bldg.,Dr. Radhakrishan
Road, Near Moti Tanki,Pin-360001,Ph:0281-3056091. JM Financial Services,202 Solitaire, 2nd Floor, Swami Vivekanand Marg, Near Municipal Commissioner Bunglow,
Ramkrishna Nagar,Pin:360007,Ph:0281-3984101. Karvy Stock Broking Ltd,312 Star Chambers,Harihar Chowk,Pin-360001,Ph:0281-6453888. RANCHI : Karvy Stock
Broking Ltd,Commerce Towers, 3rd Floor,Beside Mahabir Towers Main Road,Pin-834001,Ph:0651-2330386. Motilal Oswal Sec, Narnolia Sec, 31/34, 2nd Flr, AC Mkt,
GEL Church Main Rd, Pin:834001. ROHTAK : Karvy Stock Broking Ltd,1st Flr, Ashok Plaza,Delhi Road,Pin-124001,Ph:01262-253597. SALEM : Karvy Stock Broking
Ltd,40, Brindavan Road, Near Perumal Koil,Fair Lands,Pin-636016,Ph:0427-2335700. SHILONG : Karvy Stock Broking Ltd,Mani Bhawan Annexe, Gr Floor,Lower Police
Bazar,Pin-739001,Ph:0364-2224175. SHIMLA : Karvy Stock Broking Ltd,Triveni Building,By Pass Chowk, Khallini,Pin-171002,Ph:0177-2624453. SHIMOGA : Karvy
Stock Broking Ltd, LLR Road,Opp: Telecom GmS Office, Durgigudi,Pin-577201,Ph:08182-228795. SILIGURI : Karvy Stock Broking Ltd,Nanak Complex, 2nd Flr,
Sevoke Road,Pin-734001,Ph:0353-2526393. SURAT : Karvy Stock Broking Ltd,Gf-16, Empire State Building,Nr.Udhana Darwaja, Ring Road,Pin-395002,Ph:0261-3243497.
JM Financial Services, 407, 4th Floor, 21 Century Business Centre, Near Udhna Char Rasta, Ring Road, Pin:395002,Ph:0261-3984000. THANE : IDBI Capital Market
Services,Shop No. 3, Vikas Palm , Ambedkar Road,Thane West,Pin-400601,Ph:022-25444441. THIRUVANANTHAPURAM : IDBI Capital Market Services,TC.15/1805,
1st Floor,Mahesh Estates, Vazhuthacaud,Pin-695014,Ph:0471-4018482. Karvy Stock Broking Ltd,2Nd Floor, Akshaya Towers,Sasthamangalam,Pin-695010,Ph:0471-2725987.
THRISSUR : Karvy Stock Broking Ltd,2Nd Floor, Brothers Complex,Near Dhanalakshmi Bank Ho, Naikkanal Junction,Pin-680001,Ph:0487-2322483. TIRUPATI : Karvy
Stock Broking Ltd,12-3-330, 1St Floor, Tilak Road,Near Four Pillar Mantapam,Pin-517501,Ph:0877-2252756. TRICHY : Karvy Stock Broking Ltd,Sri Krishna Arcade, 1st
Floor,No.60, Thennur High Road, Thennur,Pin-621017,Ph:0431-2791322. UDAIPUR : Karvy Stock Broking Ltd,201-202, Madhav Chambers, Opp.GPO, Madhuban Chetak
Circle,Pin-313001,Ph:0294-5101601. VADODARA : Enam Securities Direct Pvt Ltd,GF 9, Silverline Towers, Opp Bbc Towers,Sayajiganj,Pin-390005,Ph:02653026945/46. Jhaveri Securities, 136/137,Paradise Complex, Sayajigunj,Pin-390005,Ph:0265-2362027. Kamlesh D Joshi, 57/58, Payal Complex, Opp. Stock Exchange,
Sayaji Gunj,Pin-390005,Ph:0265-2361183/2362057. Mukesh D Joshi, 11, Payal Complex, Opp. Stock Exchange, Sayaji Gunj,Pin-390005,Ph:0265-2363838/2434. Dalal &
Broacha Stock Broking Pvt Ltd,64/65, Paradise Complex,Gr Fl, Sayajigunj,Pin-390005,Ph:0265-22361610. IDBI Capital Market Services,G/24 Concorde Bldg., R P Dutta
Road,Near IDBI Bank, B/h IDBI Bank, Alkapuri, Pin-390005, Ph:0265-3201426. JM Financial Services,G1Ground Floor, Shohan, 49 Alkapuri Society, Opp. HDFC Babk,
Alkapuri,Pin:390007, Ph:0265-3984300. Karvy Stock Broking Ltd,Ff-4, Shital Plaza,Uday Nagar Soc, Ajwa Road,Pin-390019,Ph:0265-3240417. VARANASI : IDBI Capital
Market Services,D-58/12, A-7, IIIrd ,Floor, Gandhi Nagar, Sigra,Pin-221010,Ph:-9935397975. Karvy Stock Broking Ltd,D 64/132, KA, 1st Flr, Anant Complex, Sigra,Pin221001,Ph:0542-2225365. VIJAYAWADA : Karvy Stock Broking Ltd,39-10-7, Opp: Municipal Water Tank,Labbipet,Pin-520010,Ph:0866-2495200. Karvy Stock Broking
Ltd,11-1-25, Gmr Plaza,First Floor,Brp Road,Pin-520001,Ph:0866-2565536. VISAKHAPATNAM : IDBI Capital Market Services,10 / 1 / 44 3rd Floor, T. L. N. Complex,Opp.
IDBI Bank, Siripuram,Pin-530003,Ph:0891-3201715. Karvy Stock Broking Ltd,47-14-4, Eswar Paradise,Dwaraka Nagar Main Road,Pin-530016,Ph:0891-2752915.
ICICI SECURITIES LIMITED
AGRA : KARVY, 17/2/4, 2ND FLOOR, DEEPAK WASAN PLAZA, SANJAY PLACE, AGRA -282 002, Tel-2526660/61/62/63; SMC, F- 4, Block No 35, Surya Kiran
Building Sanjay Place Agra Ph-7520787708; AHMEDABAD : Edelweiss, Edelweiss House, 2nd Floor, Nr. Samved Hospital,H. L. Commerce Six Road, Navrangpura, Tel
: 079 40019822; JM, G-10 Chinubhai Centre, Gr. Flr, Nehru Bridge Corner, Ashram Road, Ph:079-2657 6666 70; KARVY, 1, MILLENIUM PLAZA, VASTRAPUR, Tel26750401/26750434;KARVY, 208 H J HOUSE, RAMBAUG, MANINAGAR, Tel-25466548;KARVY, 27, SUMAN TOWER, SECTOR NO.11, GANDHINAGAR, Tel23249943, 23249985;KARVY, 201-203 SHAIL; OFF C.G. ROAD, Tel-26445235; RR Equity , 401, Abhijit-1, Mithakhali, 6 Road, Navrangpura, 079- 40211888; SMC, 10A, Kalapurnam, C G Road, Ph. 9825612323; ALLAHABAD : KARVY, 2ND FLOOR, RSA TOWERS, ABOVE SONY SHOWROOM, 57, SARDAR PATEL MARG,
CIVIL LINES, Tel-2260291/92; ALIGARH : KARVY, 1st FLOOR, KUMAR PLAZA, VISHNUPURI, ALIGARH -202 001, Tel-2509106; AMRITSAR : KARVY, 72A TAYLORS ROAD, Tel-5053802/3/4/5; AJMER : KARVY, 12, II FLOOR, AJMER TOWER, KUTCHARY ROAD, Tel-2628055; AMBALA : KARVY, SCF-15, VIKAS
VIHAR, Tel-2551757, 58;KARVY, 6349, NICHOSON ROAD, ADJACENT KOS HOSPITAL, AMBALA CANTONEMENT, Tel-2640668, 69; ANAND : KARVY, FF-6,
CHITRANGANA, VIDYANAGAR ROAD, Tel-248980, 248873; BANGALORE : Edelweiss; ASWAN, 15/6 Ground Floor Prime Rose Road ,Tel: 080 42471113; JM, Mr
Yeriswamy Reddy, 97/4 Residency Rd, Ph:-080- 30912400/2299 8264/65/66/67; KARVY, 2019/a, 1ST FLOOR, 3RD B CORSS, B SECTOR, YELAHNAKA NEW
TOWN, Tel-28562726/ 2729 32913110;KARVY, NO.1714, 14/1, 1ST FLOOR, K S S CHAMBERS, 21ST MAIN ROAD, VIJAYANAGAR, Tel: 23119028/9041/9040;KARVY,
NO.337, GF-3, KARUNA COMPLEX, SAMPIGE ROAD, MALLESHWARAM, Tel-23314678/23314680;KARVY, A/8, 1ST FLOOR, KHB COLONY, 80 FEET ROAD,
KORAMANGALA, Tel-25527301/25501647;KARVY, NO 746, FIRST FLOOR, KRISHNA TEMPLE ROAD, INDIRA NAGAR, FIRST STAGE, Tel-25264344/2930/
3249;KARVY, NO 54 YADALAMMA HERITAGE, GROUND FLOOR VANIVILAS ROAD, BASAVANGUDI, Tel-26621192/93; RR Equity Brokers, S-111, Manipal
Centre, 47, Tel-42477177; SMC, 2003/2, 2nd Floor, 100 ft road, HAL 2nd Stage, Ph no 09739161699; BAREILLY : KARVY, 1ST FLOOR, 165, CIVIL LINES, Tel2310470; BHARUCH : KARVY, FF 47/48 ADITYA COMPLEX, Tel-225207/08; BHOPAL : KARVY STOCK, KAY KAY BUSINESS CENTRE, 133, ZONE 1, MP
NAGAR, Tel-4092712, 4092714, 4092704; BHUBANESHWAR: KARVY, PLOT NO. 104/105 P, BESIDES PAL HEIGHTS HOTEL, JAYADEV VIHAR, Tel-2360334/
335/343;KARVY, 624, SAHEEDNAGAR, FIRST FLOOR, Tel-2511011-14, 2547531; BHAVNAGAR : KARVY, 301, 3RD FLOOR, SURABHI MALL, WAGHAWADI
ROAD, Tel-2567005, 3001004; BHILAI : KARVY, SHOP NO.138, , NEW CIVIC CENTRE, Tel-2295329/37/32/3097477; CUTTACK : KARVY, DARGHA BAZAR, 1ST
FLOOR, Tel-2613905, 2613906;KARVY, ARUNODYA MARKET, LINK ROAD, Tel-2332680/81/3110827; CHANDIGARH : KARVY, SCO 371-372, SECTOR 35-B, Tel5071726, 5071727, 5071728; RR Equity , SCO-222-223, Gr. Floor, Sector-34A, Tel-2624896; CHENNAI : JM, Mr. Kalai Selvan, Gee Gee Crystal-5th Floor, 91-92.
Dr.Radhakrishnan Salai, Mylapore, Ph:044-4225 5666; KARVY, DOSHI GARDENS, SHOP NO.10, 2ND FLOOR D-BLOCK NO. 174 N.S.K SALAI, Tel-42013425/27
42013002;KARVY, NO. 7, SRIPERAMBADUR ROAD, THIRUVALLUR, Tel-27640552;KARVY, 33/1, VENKATARAMAN STREET, T NAGAR, Tel-28155967/
28153658;KARVY, SUNDAR KRISHNAPLAZA, 3RD FLOOR, , NO.8, LUCKMODOSS STREET, SOWCARPET, Tel-42051557/ 1471/ 1412;KARVY STOCK, F 22,
PRINCE TOWERS, PURASAWALKAM HIGH ROAD, PURASAIWAKKAM, Tel-42042567/568/42041904;KARVY, No 48, Ist FlOOR, Ist MAIN ROAD, NANGANALLUR,
Tel-42056266/267;KARVY, F-7 & 8, 3RD FLOOR, MAHBUBANI TOWERS, , NO. 48, DR. D N ROAD, T. NAGAR, Tel-42076808/09/30;KARVY, NO 77A, RADHA
NAGAR MAIN ROAD, CHROMEPET, Tel-22653604, 22653605;KARVY, AC 155, 6TH MAIN ROAD, ANNA SALAI, Tel-26224482, 42103538;KARVY, F-3 ADYAR
BUSINESS COURT, OLD NO 5, NEW # 51, GANDHI NAGAR FIRST MAIN ROAD, ADAYAR, Tel-42116586, 42116587; RR Equity , 3rd Flr., Percision Plaza, New
-397, Teynampet, anna Salai, Tel - 044-42077370/71; COIMBATORE : KARVY, GROUND FLOOR, , 29/1, CHINTHAMANI NAGAR, N S R ROAD, SAI BABA
COLONY, Tel-2452161/162/163;KARVY, JAYA ENCLAVE 1057/1508, Tel-4291000 30; DEHRADUN : KARVY, KAULAGARH ROAD, Tel-2754334, 2754336;KARVY,
48/49, PATEL MARKET, RAJPUR ROAD, Tel-2713351/2714046 ; RR Equity , 56, 1st Floor, Rajpur Road, Tel - 0135-3258181; SMC, 7, 8, 9&10 shiva palace, second
floor, rajpur road ,Ph no 9368572105 ; ERODE : KARVY, NO.4, KMY SALAI, VEERAPAN TRADERS COMPLEX, SATHY ROAD, Tel-2225601/03/15/16/17/24;
FARIDABAD : KARVY, A-2B, 1ST FLOOR, NEELAM BATA ROAD, NIT, Tel-4024441to 43; RR Equity , Shop No. 55, 1st Floor, Neelam Chowk, NIIT, Tel - 012902427361; GHAZIABAD : KARVY, 1ST FLOOR, , C-7, LOHIA NAGAR, Tel-2701886/2701891; RR Equity , 114, Satyam Complex, Raj Nagar DC, Raj Nagar, Tel 0120-2828090; GORAKHPUR : KARVY, ABOVE V.I.P. HOUSE, ADJACENT, A.D. GIRLS COLLEGE, BANK ROAD, Tel-2346519/2333825/2333814; GURGAON :
KARVY, SHOP NO 18, GROUND FLOOR, SEC.14, OLD DELHI ROAD, Tel-4086419/ 3243535; GUWAHATI : KARVY, 2ND FLOOR, RAM KUMAR PLAZA,
CHATRIBARI ROAD, Tel-2608016/8102; GWALIOR : KARVY, 52, MAYUR MARKET, FIRST FLOOR, THATIPUR, GANDHI ROAD, Tel-2340200/07512340201;KARVY, MLB ROAD, SHINDE KI CHAWANI, Tel-4069001, 4069002, ; GUNTUR : KARVY, 6-10-18, II FLOOR, 10/1, ARUNDELPET 2nd floor, Tel-2326684/
2326686/87 /85; HISSAR : KARVY, SCO 17 RED SQUARE MARKET, 1ST FLOOR, Tel-225868 (D)/225845/836; SMC -Mago Sec, 104, SCF Gram, 1st Floor Green
Square Market Hissar Ph no 09416023332; HUBLI KARVY, GIRIRAJA HOUSE, No.451 /B, WARD NO.1, CLUB ROAD, Tel-2353962, 2353974; HYDERABAD :
Edelweiss ; 2nd flr, MB Towers, Plot no.5, Road no.2, Banjara Hills, Tel : 040 40316911; JM, Mr.Ganpathi Murthy/Chandrasekhar, 9-10 Uma Chambers, 3rd Floor,
Banjara Hills, Ph:040- 39875900/6636 0009. JM, Mr.Mallesh/Mr.Pravin Chary, 3rd Floor, 305 Jade Arcade, M G Road, Tel : 3982 5200; KARVY, SAI VIKRAM TOWERS,
1st FLOOR, KUKATPALLY MAIN ROAD, KUKATPALLY, Tel-23433137/119;KARVY, 3-5-890, PARAS CHAMBERS, PLOT NO.14-15, GROUND FLOOR, HIMAYAT

44

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


NAGAR, Tel-23388771, 23388772;KARVY, VIJETHA GOLDEN EMPIRE, FLAT NO. 103, FIRST FLOOR, H. NO.16-11-762/762B & C, BESIDE ANADAL NILAYAM,
MOOSARAMBAGH, Tel-23433116/117;KARVY, 1ST FLOOR, PLOT NO.2, 1-1-128/B, CHANDA NAGAR, SERILINGAMPALLY, Tel-23030028, 23030029;KARVY, 156-464/470, 1ST FLOOR, SALASAR COMPLEX, BEGUM BAZAR, Tel-23433100;KARVY, 21, AVENUE 4, STREET No.1, BANJARA HILLS, Tel-23312454/23320251;
SMC, 206, 3rd floor Bhuvana Towers, S D Road, Ph no 9347453777 ; INDORE : Edelweiss ; 312, D M Tower, Tel : 0731-4061164; JM, Mr. Manish Upadhyay, UG-7
& 8, Ground Floor, D M Tower, , 21/1, Race Course Road, Ph:0731- 3072111/4262111; KARVY, 105, 106 & 107, D M TOWERS, 21/1, RACE COURCE ROAD, Tel3014200-19; SMC, 206, Gold Arcade 3/1 New Palasia ,Ph no 9826062666 ; JAIPUR : Edelweiss ; 601/602, 6th floor, Green House, Ashok Marg, C Scheme, Tel : 01414045167; Mr. JM ,Navneet Sharma, G-7 & G-8, Brij Anukamba, Plot No.K-13, Ashoka Marg, C-Scheme, Ph:0141-3984400; KARVY, S-16/A, LAND MARK, 3RD FLOOR,
MAHAVEER MARG, C SCHEME, Tel-2378703/604/605; RR Equity , 7, Katewa Bhawan, MI Road, Tel -0141-3235456; SMC, 401, fourth Floor Shyam Anukampa , Ashok
Marg C scheme , Ph no 9929644402 ; JAMNAGAR : KARVY, G-12 & 108 MADHAV PLAZA, Tel-2556520 /2556260; JAMSHEDPUR : KARVY, 2ND FLOOR,
KANCHAN TOWERS, , 3 SB SHOP AREA, MAIN ROAD, BISTUPUR, Tel-2487020, 2487045; SMC, K2-L1 Tiwary Becher Complex, P.O. Bistupur, Ph no 9934399678
; JALANDHAR : KARVY, PRIME TOWER, LOWER GROUND FLOOR OFF.NO.3, PLOT NO 28,G T ROAD, Tel-4634401-14; JODHPUR : KARVY, 203, MODI
ARCADE, CHOPASNI ROAD, Tel-5103026/5103046; JAMMU : KARVY, 1st Floor, 29 D/C, GANDHINAGAR, Tel-9906297556, 9906296948 & 9906296475; KAKINADA
: KARVY, 13-1-46, I FLOOR, SRI DEEPTHI TOWERS, ICICI BANK COMPLEX, MAIN ROAD, Tel-2387382/2387383; KANPUR : KARVY, 81/4, BLOCK NO. 9,
GOVINDNAGAR, Tel-329600;KARVY, 15/46, CIVIL LINES, STOCK EXCHANGE ROAD, Tel-2330127, 2331445; SMC, F 102, City Centre 63/2 The Mall ,Tel 9532197276; KOLKATA : Edelweiss ; 2nd Floor, Savitri Towers3A Upper wood street ,Tel : 033- 40104635; JM, Mr. Bharskar Chatopadyay, Kankaria Estate, 8th Flr,
6th Little Russell Street, Ph: 033-3987 0330; KARVY, AD-60, SECTOR-1, SALT LAKE, Tel-23210461-64/0587/23344140; KARVY,P-335, CIT SCHEME NO. VI M, Tel23648927;KARVY, 22N/1, BLOCK A, NEW ALIPORE, Tel-24576203-05/2407 0992;KARVY, 49, JATIN DAS ROAD, Tel-24634787-89/24647231;KARVY, 493/C/A, G
T ROAD (S), BLOCK G, 1ST FLOOR, Tel-26382345/2535;KARVY, 19, R N MUKHERJEE ROAD, 2ND FLOOR, Tel-22437863-69/90/89; RR Equity , 704, Krishna Bldg.,
224, AJC Bose Road, Tel-22802963/22806878; SMC, 18, Rabindra Sarani Podder Court Gate NO 4, 5th Floor,Ph no 09933664479 ; KOCHI : KARVY, D. NO. 6/0290,
GUJARATHI ROAD, Tel-2211229/2211225;KARVY, 1ST FLOOR, PINDYS COMPLEX, XX/773, MARKET JUNCTION, Tel-2777330/3571041;KARVY, 7/462, b 5TRANS
AVENUE, KAKANAD, Tel-2423191/3949087;KARVY, ROOM NO XIX/135 (16) 1ST FLOOR, NOOR POINT, BANK JUNCTION, Tel-3202627/ 637/3204811/
2629691;KARVY, CHERUPARAMBATHU ROAD, 1ST CROSS ROAD, KADAVANTHRA, Tel-4017925; KOTA : KARVY , 29, SHOPPING CENTRE, 1 FLOOR, Tel2365145/146/144; SMC, 4-a-6 Talwandi Kota Rajasthan ,Tel -09829116982; KOLHAPUR : KARVY, OMKAR PLAZA SHOP NO. f2 & F4, 1ST FLOOR, RAJARAM
ROAD, Tel-2520650, 2520655; LUCKNOW : KARVY, SHIVANI PLAZA, KHUNKHUNJI PLAZA, , 2/54, VIJAY KHAND, GOMTINAGAR, Tel-2391664/65/
2391280;KARVY, TEJ KRISHAN PLAZA, 313/9, KHUN KHUNJI ROAD, CHOWK, Tel-2258454/455/456;KARVY, 24, USHA SADAN, PREM NAGAR, ASHOK
MARG, Tel-3213183, ;KARVY, K S M TOWER, CP 1, , SINDER DUMP, ALAMBAGH, Tel-2453168/158/176;KARVY, HIG 67, SECTOR E, ALIGANJ, Tel-2329419,
2329938/39;KARVY, 94, MAHATMA GANDHI MARG, HAZRATGANJ, Tel-2236819-28, 3817001; RR Equity , G-32, Shriram Tower, 13- A, Ashok Marg, Tel - 05224057612; SMC, Radha Krishna Bhawan, Plot No. 3/A, 5 Park Road, Ph no 9839826932; LUDHIANA : KARVY, GROUND FLOOR, SCO -3, FEROZE GANDHI
MARKET, Tel-4680050 to 4680062; MADURAI : KARVY, RAKESH TOWERS, NO.30, BY PASS ROAD, Tel-2600851-855;KARVY, 274, GOODS SHED STREET, Tel2350855 (d)/2350852-854 ; MUMBAI : ICICI Sec, Gr. Floor, H.T Parekh Marg, Back Bay Reclamation, Churchgate, MUMBAI-400020; ICICI Sec, Shree Sawan
Knowledge Park, Gr. Floor, Plot No. D-507, T.T.C Industrial Area, M.I.D.C, Turbhe, 400705; Edelweiss ; 101, 1st Floor, 12 New Bake House, Fort Mumbai 400001 Tel
: 022-67494580/81; Edelweiss ; 104, 1st flr, P J towers Stock Exchange Bldg, Fort, Tel : 022-67471342/45 ; Edelweiss ; Atlantic Commercial Tower, RB Mehta Road,
Ghatkopar East, Tel : 022-25012611/12 ; Edelweiss ; Bindu Shopping Centre, Grd Flr, Besant Street, St Santacruz West, Tel : 022-26485953/84 ; Edelweiss ,Shop No 10,
Sucheta Enclaves, Maharashtra Lane, Borivali (W) ,Tel : 022-28914367; JM, Mr Ashit Vora, 1st Floor, Patel House, M G Road, Vileparle (East), Ph:022-2613 5202-03/
67077440-43;JM, Ms. Trivedi, Palm Court, M- Wing, 4th Floor, Goregaon Link Road, Malad (West), Ph:022-30877000/67617000;.JM, Mr.Nilesh Gavle, Ground Floor,
Anushka, New Link Rd, Andheri (West), Ph:022- 66191600/612; JM, Mr R Mukundan/Ms Armin Irani, 2, 3, 4 Kamanwala Chambers, P M Road, Fort, Ph:022-3021 3500/
2266 5577 80; JM, Ms Jyotsna Solanki/Mr C V George, Shop No 6, Dattani Trade Center, Chandra Varkar Road, Borivali (West), Ph:022- 3021 5400/6695 9120 23;
JM, . Ms Charulata Mehta/Mr. Tilak Sanil, 424/425 Kalidas Plaza, V B Lane, Ghatkopar (East), Ph:022-3097 8700/6710 4738; KARVY, 103, 1ST FLOOR, JEEVAN CHAYA
BLDG., , RAM MARUTI ROAD, NAUPADA, Tel-25446124/25446121;KARVY 115, ARUN CHAMBERS, 1st FLOOR, TARDEO, Tel-66607042/66607043;KARVY, B153, VASHI PLAZA, SECTOR 17, VASHI, Tel-67912087, 67912168;KARVY, 29, PATEL SHOPPING CENTRE, WST FLOOR, SAINATH ROAD, MALAD (WEST), Tel28824241/28828281;KARVY, JEEVAN UDYOG BLDG, DN ROAD, FORT, Tel-22031601/02/03/04;KARVY, 101 SAPNA BUILDING, S K BHOLE MARG, DADAR
WEST, Tel-24329763, 24322158;KARVY, 7&8, ERIC HOUSE, GROUND FLOOR, 16TH ROAD, CHEMBUR GYMKHANA ROAD, Tel-25209335, 25209336;KARVY,
7, ANDHERI INDUSTRIAL ESTATE, Tel-26730799/843; LKP Sec, BOM Building, 45/47, M.S.Marg, Fort, Tel 22660171; RR Equity , 18 First Floor, 105 B.S. Marg.,
Fort, Tel - 40544201/224; RR Equity , 133A, Mittal Tower, A Wing, 13th Floor, Nariman Point,Tel - 9324804084; Sushil Financial, 12, Homji Street, Fort, Tel-40936000;
SMC, 258, Perin Nariman Street First Floor Fort,Ph no 09821111219, 9930055430 ; MEERUT : KARVY, 1ST FLOOR, MEDI CENTRE, HAPUR ROAD ,Tel-2520068;
MYSORE : KARVY, L-350, SILVER TOWER, 1ST FLOOR, ASHOKA ROAD, Tel-2524292, 2524294; MORADABAD : KARVY, OM ARCADE, FIRST FLOOR,
PARKAR ROAD, TAARI KHANA CHOWK, Tel-2310470, 2320470; MANGALORE : KARVY, MAHENDRA ARCADE, GROUND FLOOR, No.4-6-577/21/22, KODIAL
BAIL, Tel-2492302, 2496332; MUZAFFARABAD : KARVY, 203/99 C, SADAR BAZAR, TOWN HALL ROAD, Tel-2437349, 2437359; NAGPUR : KARVY, 230-231,
3RD FLOOR, SHRIRAM SHYAM TOWERS, SARDAR, KINGSWAY, Tel-6614146/6614145; NASIK : KARVY, F1, SUYOJIT SANKUL SHARANPUR ROAD, Tel6602542/6602543; NOIDA : KARVY, 307, JAIPURIA PLAZA, D-68A, 2ND FLOOR, SECTOR 26, Tel-2539271, 2539272; RR Equity , P-5, Sector-18, Tel - 01204336992; SMC, 106-Ocean Plaza .P-5 SEC-18, Ph no 9717000378 ; NEW DELHI : Edelweiss ; 603 6th Floor, Mercantile House, 15 Kasturba Gandhi Marg, Tel : 0114283 0006;Edelweiss , 1184, Unit No 3, 1st Floor, Gokul Building, F C Road; JM, Mr Prasad Nair/Mr C S Tiwari, 114 Himalya House, 23, K G Marg, Ph:011-4130 5000/
3092 5500; KARVY, 104, 1ST FLOOR, NANDA DEVI TOWERS, PRASHANTH VIHAR, CENTRAL MARKET, Tel-27864193/27864281;KARVY, B 2 DD A MARKET,
SHOP NO 50, FIRST FLOOR, PASCHIM VIHAR, Tel-25263901/25263903;KARVY, 301, VISHAL BHAVAN, 95, NEHRU PLACE, Tel-26447065/26447066;KARVY, 23,
SHIVAJI MARG, MOTINAGAR, Tel-45436371/41428630;KARVY ,110-112, FIRST FLOOR, SUNEJA TOWER I, JANAK PURI DISTRICT CENTRE, Tel-41588242/
41511403/25547637;KARVY, 105-108, ARUNACHAL BUILDING, 19, CONNAUGHT PLACE, Tel-23324401/23324409; RR Equity , 47, M.M. Road, Rani Jhansi Marg,
Jhandewalan, Tel - 011-23636363/62; RR Equity , 105, Anchal Plaza, Nelson Mandela Road Vasant Kunj, Tel - 011-26891262, 26134764 ; RR Equity , 105, Pratap Bhawan,
Bahadur Shah Zafar Marg, Tel - 011- 49505500, 41509018 ; RR Equity , 118, Gagandeep Building, Rajendra Place, Tel - 25764872, 41538956; RR Equity , 106, Pankaj
Chambers, Preet Vihar Community Centre, Delhi-110092, 011-42421238-39, 49504400; RR Equity , Shop No. 24, FD Market, Pitampura, Tel - 27311419; RR Equity ,
N-24-25, Connaught Place, Tel - 41523306, 46308803, 41523229; RR Equity , 111, Jyotishikhar, 8 Distt. Centre, Janakpuri, Tel - 25617654; SMC, Ansal Bhawan
Barakhamba Road ,Ph no 9871626464;SMC, 6B, First Floor Himalaya House 23, K G Marg Connaught place ,Ph no 9958696929 9180469955, 503;SMC, 17, Netaji Subhash
Marg, Daryaganj, Ph no 9818620470, 9810059041 ; NAVSARI : KARVY 1ST FLOOR, CHINMAY ARCADE, SAYAJI ROAD, Tel-280362, 280363; NADIAD : KARVY,
104-105, CITY POINT, Tel-2563210/2563245;PANJIM : KARVY, NO.7 & 8, EL. DORADO PLAZA, HELIODORO SALGADO ROAD, Tel-2426870, 2426871; PATNA
: KARVY, ANAND TOWER, 2ND FLOOR, EXHIBITION ROAD, Tel-2321354/55/56/57; PATIALA : KARVY, SCO 27 D, CHHOTI BARADARI, Tel-5051726/27/28;
PUNE : JM, Mr Anand Shirke,205 Business Guild, Law College Road, Erandawane, Ph:020-3987 1600-01/ 66033730; KARVY,RAMEERA TOWERS, 130/24,
PIMPRICHINCHWAD, NEW TOWNSHIP ROAD, NIGIDI, Tel-27659116/115;KARVY, OFFICE NO.88, 4th FLOOR, B WING, SHRINATH PLAZA, SANT
DAYANESHWAR PADUKA CHOWK, FC ROAD, Tel-30203100; SMC, 1ST Floor, Dealing Chamber, J M Road, Ph no 9769345255; PANIPAT : KARVY, 1ST FLOOR,
KRISHNA TOWER, G T ROAD, Tel-2644308 /2644376; RAJKOT : JM Financial, Mr. Sona Verghese, 202 Solitaire, 2nd Floor, SV Marg, Ramkrishna Nagar, Ph:02813984000/3984101; KARVY , 312 STAR CHAMBERS, , HARIHAR CHOWK, Tel-6453888; RAIPUR : KARVY, 02& 03, LOWER LEVEL, MILLENNIUM PLAZA, ,
GROUND FLOOR, G E ROAD, Tel-2236694-96, 6450194; RANCHI : KARVY, COMMERCE TOWERS, 3RD FLOOR, MAIN ROAD, Tel-2330386, 2330394,
2330320; RAJAHMUNDRY : KARVY, D.NO.79-1-3/1, JAWAHAR LAL NEHRU ROAD, Tel-2437494, 2434470; ROTHAK : KARVY, 1ST FLOOR, ASHOK PLAZA,
, DELHI ROAD, Tel-253597, 271982, 83, 84; SALEM : KARVY, 40, BRINDAVAN ROAD, FAIR LANDS, SALEM -636 016, Tel-2335700/2335705/2335701-704 ;
SHILLONG : KARVY, MANI BHAWAN ANNEXE, GROUND FLOOR, , LOWER POLICE BAZAR, SHILLONG -739 001, Tel-2224175/4186/8172; SHIMLA :
KARVY, TRIVENI BUILDING, BY PASS CHOWK, KHALLINI, SHIMLA -171 002, Tel-2624453; SHIMOGA : KARVY, LLR ROAD, DURGIGUDI, SHIMOGA -577

RURAL ELECTRIFICATION CORPORATION LIMITED

45

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


201, Tel-228795, 228797, 227485; SILIGURI : KARVY, NANAK COMPLEX, 2ND FLOOR, SEVOKE ROAD, SILIGURI -734 001, Tel-2526393, 2526394, 2526395,
2526396, 2526397, 2526399; SURAT : Edelweiss ; 108, Vishwakarma Chambers, B/S ITC, Majuragate, Ring Road, Tel: 0261-2460537; JM, Mr. Dipen Shah407, 4th Floor,
21 Century Business Centre, Ring Road, Ph:0261-3984000; KARVY, GF-16, EMPIRE STATE BUILDING, NR.UDHANA DARWAJA, RING ROAD, Tel-3243497 &
3017151-55; TRICHY : KARVY, SRI KRISHNA ARCADE, 1st FLOOR, NO.60, THENNUR HIGH ROAD, THENNUR,Tel-2791322/2798200/2793799; TRIVANDRUM
: KARVY, 2ND FLOOR, AKSHAYA TOWERS, SASTHAMANGALAM, Tel-2725987, 2725989-991; THRISSUR : KARVY, 2ND FLOOR, BROTHERS COMPLEX,
NAIKKANAL JUNCTION, Tel-2322483/484/493/494; TIRUPUR : KARVY, 12-3-330, 1ST FLOOR, TILAK ROAD, Tel-2252756; UDAIPUR : KARVY, 201-202,
MADHAV CHAMBERS, MADHUBAN CHETAK CIRCLE, Tel-5101601/602/603; VADODARA: JM, Mr. Ghanshyam Vyas, G1Ground Floor, Shohan, 49 Alkapuri
Society, Alkapuri, Ph:0265-3984 311; KARVY, 38, PAYAL COMPLEX, SAYAJIGUNJ, Tel-2225168/169, 2361514/2225220;KARVY, B-3, MANGALDEEP COMPLEX,
PRODUCTIVITY ROAD, Tel-2322864 & 3243348;KARVY, SB 3, AMRAPAALI COMPLEX, WATER TANK ROAD, Tel-3950628, 3951011;KARVY, C-1/2/3, JALANAND
TOWNSHIP, GORWA, Tel-3259060, 3240300;KARVY, FF-4, SHITAL PLAZA, UDAY NAGAR SOC, AJWA ROAD, Tel-3240417, 2510318; RR Equity , 222 Siddharth
Complex, RC Dutta Road., Tel - 0265-3256190/2353195 ; VARANASI : KARVY, SHOP N. 2-3, GYAN MANDAL, PLAZA MAIDGIN, Tel-2225365/2223814;KARVY,
D 64/132, KA, 1st FLOOR, ANANT COMPLEX, SIGRA, Tel-2225365/2223814; VIJAYAWADA : KARVY, 11-1-25, GMR PLAZA, FIRST FLOOR, BRP ROAD, Tel2565536/38;KARVY, 39-10-7, LABBIPET, Tel-2495200/400/500/600; VISHAKHAPATNAM: JM, Mr Satish, Door No 9-1-224/4/3, 1st Floor, Nandan Nirman, CBM
Compound, Ph:0891-3983800; KARVY, D.NO.180/129, JHAALA COMPLEX, , A.V.K.COLLEGE BLDG., Tel-2511685, 25116862;KARVY, 47-14-4, ESWAR PARADISE,
DWARAKA NAGAR MAIN ROAD, Tel-2752915 to 18.
KOTAK SECURITIES LIMITED
AGRA: A.G Shares & Securities Ltd., 20/4 Ist Floor Maruti Tower Sanjay Place , T: 4053119 ; AHMEDABAD: Kotak Securities Limited., 207, 2nd Floor, SakarII, Ellisbridge Corner, Ashram Road.P:26587276; RR Equity Brokers Private Limited., 401, Abhijit-1, Opp. Bhuj Mercantile Bank, Mithakhali, 6 Road, Navrangpura,
Ahmedabad-390009 079- 40211888 JM Financial Services., G-10 Chinubhai Centre, Gr. Flr,Nehru Bridge Corner,Ashram Road,, Ahmedabad -380 009.Tel: 079-2657 6666
- 70; Motilal Oswal Securities Ltd, Bearing no. G-6/7/8/9 & 10,Citypride Complex, Near Nalanda Hotel, Mithakali Circle, Navrangpura. Nitin Parikh & Co., 101,
Akashganga, Nr. Dr. Munshi's Nursing Home, Gujarat College Road, Ellisbridge, Ahmedabad-380006 BANGALORE: Kotak Securities Limited., Umiya Landmark
II Flr., No:10/7 -Lavelle Rd.P: 66203601; RR Equity Brokers Private Limited., S-111,Manipal Centre,47,Deckenson Road,Banglore-42 080-42477177 JM Financial Services.,
97/4 Residency Rd, Bangalore -560 025.Tel: 080- 30912400/2299 8264/65/66/67; CHANDIGARH: RR Equity Brokers Private Limited., SCO-222-223,Gr. Floor,Sector34A, Chandigarh 0172-2624896 CHENNAI: Kotak Securities Limited., GRR Business Cneter, No.21, Vaidyaraman Street, T Nagar.P:66462000; RR Equity Brokers
Private Limited., 3rd Flr.,Percision Plaza,New -397, Teynampet, anna Salai, Chennai- 600018 044-42077370/71 JM Financial Services., Gee Gee Crystal - 5th Floor,9192. Dr.Radhakrishnan Salai,Mylapore,, Chennai - 600 004.Tel: 044-4225 5666; COIMBATORE: Kotak Securities Limited., 1st Floor, Red rose chamber, 1437,Trichy
road.P: 6699666; DEHRADUN: Motilal Oswal Securities Limited(Sainath Investments) 1,Onkar Road,Behind G.P.O, RR Equity Brokers Private Limited., 56, 1st Floor,
Rajpur Road,Opp. Madhuban, Dehradun, Uttaranchal- 248001 0135-3258181 FARIDABAD: RR Equity Brokers Private Limited., Shop No. 55, 1st Floor, Near Flyover,Neelam
Chowk,NIIT, Faridabad - 121001, Haryana 0129-02427361 GHAZIABAD: RR Equity Brokers Private Limited., 114, Satyam Complex, Raj Nagar DC, Raj Nagar,
Ghaziabad - 201002, Uttar Pradesh 0120-2828090 GURGAON: Fairwealth Sec Pvt Ltd., 651652 Phase-V, Udyog Vihar; GUWAHATI: Motilal Oswal Securities Limited
(Agarwalla Capitals), 3rd Floor, Basanta Enclave Dr. B.Barooah Road, Ulubari Near Nokia Care. Pukhraj Lunkar., Sagar Apartment, Ground.Floor, Satijayamati Road,
Behind Vrindavan Market, Athgaon. P: 2511933 HYDERABAD: Kotak Securities Limited., 9-1-777, 4th Flr, Beside ITC Bldg, S D Rd, (LANE Opp to DBR Diagnosis),
P:65326394; JM Financial Services., 9-10 Uma Chambers,3rd Floor, Banjara Hills,, Hyderabad -500 034.Tel: 040- 6636 0009/10/12/46; JM Financial Services., 3rd Floor,
305 Jade Arcade, Opp Paradise Hotel, M G Road, Secundrabad 500 003, Secunderabad-500 003.Tel: 040-3982 5200; Motilal Oswal Securities Ltd, 201, Lumbini Amrutha
Chambers,Near Nagarjuna Circle, Road No.3, Banjara Hills, INDORE: Kotak Securities Limited., 314, Citi Centre, 570, M.G. Road.P:2537336; JM Financial Services.,
UG-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road,, Indore-452 004.Tel: 0731-3072111/4262111; JAIPUR: JM Financial Services., JM Financial,G-7 & G8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme,, Jaipur-302 001.Tel: 0141-3984400; RR Equity Brokers Private Limited., 7,Katewa Bhawan,Opp. Ganapati Plaza,
MI Road,Jaipur- 302001 0141-3235456 JAMSHEDPUR: Motilal Oswal Securities Limited(Narnolia Securities Pvt Ltd), OM Tawer, 4th floor,S.B. Shop Area, Q Road,
Bistuupur KOCHI: Kotak Securities Limited., 40/1400, 11th Floor, Ensign Enclave, Jos Junction, M.G. Road.P: 2377386; KOLHAPUR: Motilal Oswal Securities
Limited(Tradenet Securities), Akshar Plaza, Off No. 14-18 264/ K , Tara Bai Park, Off. Sasane Ground, KOLKATTA: Kotak Securities Limited., 5th Floor, Apeejay
House, Block B, 15, Park Street,P:22273999; RR Equity Brokers Private Limited., 704,Krishna Bldg.,224,AJC Bose Road, Kolkata- 700017 033-22802963/22806878 JM
Financial Services., Kankaria Estate, 8th Flr,6th Little Russell Street,, Kolkata -700 071.Tel: 033-3987 0330; Motilal Oswal Securities Ltd I Constantia 11 U N Bramachari
Street I 3rd Floor I LUCKNOW: RR Equity Brokers Private Limited., G-32,Shriram Tower,13- A,Ashok Marg, Lucknow- 226001 0522- 4057612 Motilal Oswal Securities
Limited(MLK Securities), 27/11 A Asha Bhawan Gokhley Marg MANGALORE: Kotak Securities Limited., No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel
Road, Near Jyoti Circle, P: 424180; MUMBAI: Kotak Securities Limited., 6th Floor, Kotak Towers, Building No. 21, Infinity Park, Off Western Express Highway,
Goregaon Mulund Link, Road, Malad (E),P: 6605 6825; Kotak Securities Limited., Nirlon House, 3rd Floor, Dr Anie Besant Road, Near Passport Office, Worli,P:66529191;
RR Equity Brokers Private Limited., 18 First Floor,105 bombay Samachar Marg.,Fort, Mumbai- 400023 022-40544201/224 RR Equity Brokers Private Limited., 133A,
Mittal Tower, A Wing, 13th Floor, Nariman Point, Mumbai- 400021 9324804084 JM Financial Services., 2,3,4 Kamanwala Chambers,P M Road, Fort,, Mumbai -400
001.Tel: 022-2266 5577 - 80, 6633 3030/3021 3500; JM Financial Services., 1st Floor, Patel House, Next to Bank of Baroda,M G Road, Vileparle (E),, Mumbai-400 057.Tel:
022-2613 5202-41-67077440-43; JM Financial Services., 1st Floor, New Pushpanjali II, Jambli Galli, (Factory Lane) , Opp Chintamani Jewellers, Borivali (West), Mumbai400 092., Mumbai -400 092.Tel: 022- 6695 9120 - 23/3021 5400; JM Financial Services., Palm Court, M- Wing, 4th Floor, Goregaon Link Road,Malad West, Mumbai400 064.Tel: 022-30877000/67617000; JM Financial Services., 424/425 Kalidas Plaza, V B Lane,Ghatkopar East,, Mumbai -400 075.Tel: 022-6710 4738/3097 8700; JM
Financial Services., Ground Floor, Anushka, New Link Rd,Andheri (West), Mumbai-400 053.Tel: 022- 66191600/612; Prabhudas Lilladher Pvt Ltd., Sadhana House, 3 rd
Floor, 570, P. B. Marg, Behind Mahindra Tower, Worli, Tel: 66322222/91; KJMC Capital Market Services Limited., 168, 16th Floor, Atlanta, Nariman Point. Tel: 22885201;
Motilal Oswal Securities Ltd, Queens Mansion,2nd Floor, 44, A. K. Naik Marg, Behaind Khadi Gramodyog Fort 400001. Standard Chartered Securities (India) Limited.,
1st floor, Standard Chartered Tower, 201B/1, Western Express Highway, Goregaon (East), Standard Chartered Securities (India) Limited., Work Station - 1016, Standard
Chartered Tower, 201-B/1,1st Floor, Western Express Highway,Goregaon (East), Tel: 6755 9626 NEW DELHI: Kotak Securities Limited., 202-217, 2nd Floor, Ambadeep
Building, 14, Kasturba Gandhi Marg.P:66313131; RR Equity Brokers Private Limited., 47, M.M. Road, Rani Jhansi Marg, Jhandewalan, New Delhi 110055 011-23636363/
62 RR Equity Brokers Private Limited., 105, Anchal Plaza,Nelson Mandela Road Vasant Kunj,New Delhi-110070, 011-26891262,26134764 RR Equity Brokers Private
Limited., 105, Pratap Bhawan , Bahadur Shah Zafar Marg, New Delhi - 110001 011- 49505500,41509018 RR Equity Brokers Private Limited., 118, Gagandeep Building,
Rajendra Place , New Delhi- 110008 011- 25764872,41538956 RR Equity Brokers Private Limited., 106, Pankaj Chambers, Preet Vihar Community Centre, Delhi 110092, 011-42421238-39, 49504400 RR Equity Brokers Private Limited., Shop No. 24, FD Market, Near Madhuban Chowk, Pitampura , Delhi - 110034 011 - 27311419
RR Equity Brokers Private Limited., N-24 - 25, Connaught Place, T: 011- 41523306, 46308803, 41523229 RR Equity Brokers Private Limited., 111, Jyotishikhar, 8 Distt.
Centre , Janakpuri, New Delhi - 110018 T: 011- 25617654 JM Financial Services., 114 Himalya House,23,K G Marg.Tel: 011-4130 5000/3092 5500; Bay Securities Private
Ltd, 4th Floor, Jeevan Vihar, Parliament Street, Fairwealth Sec Pvt Ltd., UG-3, Somdutt Chamber-2, 9, Bhikaji Cama Place; NOIDA: RR Equity Brokers Private Limited.,
P-5,Sector - 18,Noida- 201301, Uttar Pradesh 0120-4336992 PATNA: Motilal Oswal Securities Limited(Narnolia Securities Pvt Ltd), 504 Ashaiana Plaza Budh Marg
PUNE: JM Financial Services., 205 Business Guild ,Opp. Krishna Dining Hall,Law College Road, Erandawane,, Pune -411 004.Tel: 020-3987 1601/00/66033720; RANCHI:
Motilal Oswal Securities Limited(Narnolia Securities Pvt Ltd), 31/34, 2nd Floor A.C. Market,GEL Church Main Road RAJKOT: JM Financial Services., 202 Solitaire,
2nd Floor, Swami Vivekanand Marg, Near Municipal Commissioner Bunglow, Ramkrishna Nagar, , Rajkot-360 007.Tel: 0281-3984101/3984000; SURAT: Kotak Securities
Limited., Kotak House, K G Point, 1st Floor, Nr.Ganga Palace, Opp.IDBI Bank, Ghoddod Road.P: 2254553; JM Financial Services., 407, 4th Floor, 21 Century Business
Centre, Near Udhna Char Rasta, Ring Road,, Surat-395 002.Tel: 0261-3984000; VADODARA: JM Financial Services., G1Ground Floor, Shohan, 49 Alkapuri Society, Opp.
HDFC Babk, Alkapuri,, Vadodara-390 007.Tel: 0265-3984 300; RR Equity Brokers Private Limited., 222 Siddharth Complex,RC Dutta Road.,Vadodra- 390007 02653256190/2353195 VISAKHAPATNAM: Kotak Securities Limited., Door No.47-10-15, VRC Complex , 2nd Floor, Railway Station Rd , Dwarka Nagar, P: 6642009; JM
Financial Services., Door No 9-1-224/4/3, 1st Floor, Nandan Nirman, CBM Compound, Near Rama Talkies Junction, Tel: 0891-3983 800;

46

RURAL ELECTRIFICATION CORPORATION LIMITED

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


SBICAP SECURITIES LIMITED
AGRA: SBICAP Securities Ltd C/O SBI Main Branch, Chipitola,282001,2252079.Ahmedabad: SBICAP Securities Ltd 2nd Floor, Nirman, Besides Jyoti Plaza, Nr.
Shyamal Cross Road, Satellite,380015,26764456. SBICAP Securities Ltd C/O State Bank Of India, 1st Floor, Modi Arcade, Near Rly Station, Maninagar
(West),380008,25469205.AMRITSAR: SBICAP Securities Ltd C/O, State Bank Of India, Main Branch, Town Hall,143001,5030146.ASANSOLE: SBICAP Securities
Ltd C/O State Bank Of India,Asansol Main Branch,Bijoy Pal Sarani,713301,9641611679.BANGALORE: SBICAP Securities Ltd SBI Lho Campus Behind Spb Branch
St. Marks Road,560001,32905247. SBICAP Securities Ltd Pb No-483, No-73 K R Road. Sbm Building 1st Flr, Basavangudi,560004,42103575. SBICAP Securities Ltd
1st Floor, C/O SBI Koramangala Pbb Branch, No.472, Avs Complex, 4th Block, Koramangala,560034,49074203. SBICAP Securities Ltd 3rd Floor, C/O Sbi, Indira Nagar
Branch No. 2987, 12th Main Road, Hal 2nd Stage, Indiranagar, Bangalore - 560008, Karnataka,560008,25200044.BHAVNAGAR: SBICAP Securities Ltd C/O State Bank
Of Saurashtra - Kalanala Branch, Kalanala,364001,2520009.BHILLAI: SBICAP Securities Ltd SBI Main Branch,Sector 1,490001,0.BHOPAL: SBICAP Securities Ltd
State Bank Of Indore Paanchanan T T Nagar,462003,6549108.CHANDIGARH: SBICAP Securities Ltd C/O State Bank Of India, Main Branch, Sco 43-48, 1st Flr, Sector
17 B,160017,5079240.CHENNAI: SBICAP Securities Ltd SBI Main Branch New No.84, 22 Rajaji Salai,600001,42065997. SBICAP Securities Ltd SBI Building No
2 A Prakasam Road Panagal Park T Nagar,600017,42606204. SBICAP Securities Ltd SBI Spb Branch,Plot No.4, Teachers Colony,Indiranagar, Adyar,600020,42607565.
SBICAP Securities Ltd C/O SBI, 22,Taylors Road, Kilpauk,639001,26600030.COIMBATORE: SBICAP Securities Ltd SBI Main Branch,State Bank Road.,641018,2395711.
SBICAP Securities Ltd SBI Premises - First Floor, 451, D.B. Road, R.S.Puram,641018,4355527.DEHRADUN: SBICAP Securities Ltd SBI Main Branch, 4th Convent
Road,248001,2651156.DURGAPUR: SBICAP Securities Ltd C/O. State Bank India, Durgapur Branch, Dsp Maingate, Po Durgapur-3,,713203,2588289.ERODE: SBICAP
Securities Ltd C/O. SBI Main Branch, D-48,State Bank Road,638003,4270818.GHAZIABAD: SBICAP Securities Ltd C/O, State Bank Of India,Navyug
Marget,201001,2798891.GUNTUR: SBICAP Securities Ltd Shop No-13, Second Floor, Raghu Mansion, 4/1, Brodipet,522002,3244001.GURGAON: SBICAP Securities
Ltd SBIcap Securites, SBI Sushant Lok 1, B/05, Unitech Trade Centre,12209,2385365.GUWAHATI: SBICAP Securities Ltd C/O State Bank Of India , Dispur Branch,
Opposite Assam Sachibalaya, Dispur,,781006,2237594.GWALIOR: SBICAP Securities Ltd C/O State Bank Of India,Basement, Main Branch ,Jiwaji Chowk,
Lashkar,474001,2620727.HYDERABAD: SBICAP Securities Ltd State Bank Of Hyderabad Ground Floor, Gunfoundry,500001,23321875. SBICAP Securities Ltd 1st
Floor, Dmc Center, Above State Bank Of India, St. JohnS Road, East Marredpally, Secunderabad,500026,40137725. SBICAP Securities Ltd C/O, State Bank Of India
G O C, Koti (Lho), Bank Street,500001,24750622.INDORE: SBICAP Securities Ltd State Bank Of Indore 5,Yashwant Niwas Road,452003,2547517. SBICAP Securities
Ltd State Bank Of India Gpo Main Branch,452001,4036625.JABALPUR: SBICAP Securities Ltd C/O. SBI Main Branch, Civil Lines,482001,4218261.JAIPUR: SBICAP
Securities Ltd C/O SBI Special Branch, Ground Floor, Sangeneri Gate,302003,4006483. SBICAP Securities Ltd 128 , A - Block , First Floor , Opp. Sbbj Bank,Ganpati
Plaza, M I Road,302001,3221945.JALANDHAR: SBICAP Securities Ltd C/O. State Bank Ofindia, Civil Lines,144001,4636317.JAMMU: SBICAP Securities Ltd C/
O State Bank Of India, Railway Road Branch,,180001,2471118.JAMNAGAR: SBICAP Securities Ltd G-3, Ground Flr, Madhav Darshan Complex, Opposite Cricket
Bungalow Near Limda Line,361001,2555170.JAMSHEDPUR: SBICAP Securities Ltd SBI, Jamshedpur Bistupur,831001,3206515.JODHPUR: SBICAP Securities Ltd
C/O SBI, Special Branch, High Court Campus, Kachauri,,342001,2546546.KANPUR: SBICAP Securities Ltd SBI, Main Branch Campus, Zonal Office,16/101 Civil Line
Mall Road,,208001,2333571.KOCHI: SBICAP Securities Ltd SBI Shanmugham Rd. Branch 2nd Floor, Ktdc Bldg, Ernakulam,682031,3248745.KOLKATA: SBICAP
Securities Ltd SBI Main Branch Sammriddi Bhavan 3rd Floor, 1- Strand Road,700001,22481729. SBICAP Securities Ltd State Bank Of India Jeevandeep Bldg,Ground
Floor Middleton Street,700071,22886604. SBICAP Securities Ltd C/O SBI, 50 A, Gariahat Road, Ballygunge,,700019,0. SBICAP Securities Ltd C/OState Bank Of
India,Bikash Bhavan Goc.Ground Floor.Sector-Ii,Saltlake,700091,.KOTA: SBICAP Securities Ltd Kota Main Branch, Chhawani Chouraha,324007,2390147.LUCKNOW:
SBICAP Securities Ltd C/O State Bank Of India, 2/103 Vijay Khand First Flr, Gomti Nagar,226010,2303261. SBICAP Securities Ltd C/O SBI Govt.Business Branch
Moti Mahal Marg Behind K.D.Singh Babu Stadium Hajrath Ganj,226001,3202184.LUDHIANA: SBICAP Securities Ltd SBI, 1st Floor Fountain Chowk Civil
Lines,141001,5025634.MADURAI: SBICAP Securities Ltd C/O State Bank Of India, Number - 7A, West Veli Street, Opposite Railway
Station,,625001,4506404.MANGALORE: SBICAP Securities Ltd C/O SBI, Mangalore Main Branch, Port Road, P.B.No-90,575011,4265361.MUMBAI: SBICAP Securities
Ltd State Bank Of India M.G.Road Ghatkopar East,400077,25020964. SBICAP Securities Ltd C/O SBI Nri Branch, Maker Chambers -3, Ground Floor, Nariman
Point,400021,22040238. SBICAP Securities Ltd SBI Admin Building Compound, Madam Cama Rd., Nariman Point,400021,22023214. SBICAP Securities Ltd C/O SBI
Spb Branch, Mumbai Samachar Marg, Gate No 7, Horniman Circle, Fort,,400001,32660216. SBICAP Securities Ltd 2nd Flr, C Wing, Mafatlal Chambers, N.M Joshi Marg,
Lower Parel,400013,42273451. SBICAP Securities Ltd C/O SBI Jvlr Branch, Ground Floor,Juhu Versova Link Road, Andheri (W),400053,26707887. SBICAP Securities
Ltd C/O. SBI Shivsagar Estate Branch, P.B. No. 16555, C Block, Grd Flr, Devchand House, Dr. A.B. Road, Worli,400018,24954083. SBICAP Securities Ltd C/O. SBI
Goregaon-Mulund Link Road Branch, Showroom No.11, Rustomjee O-Zone Bldg., Goregaon (W),400062,28785947. SBICAP Securities Ltd C/O. SBI Santacruz Branch,
7 Suryodaya Bldg., Juhu Road, P.O.Box No. 6901,400054,26483126. SBICAP Securities Ltd C/O. SBI Opera House Branch, Post Bag No.3663, Unity House, Mama
Paramananda Road,400004,23625578. SBICAP Securities Ltd C/O. SBI Shivaji Park Branch, Gitanjali Ranade Road, Dadar (W),400028,24445018. SBICAP Securities
Ltd C/O. SBI Pbb Powai Hiranandani Branch, G-15/16, Ventura Hiranandani Business Park, Powai,400076,25702764. SBICAP Securities Ltd C/O. SBI Mulund Link Road
Branch, Marathon Maxima Bldg., LBS Marg, Mulund (W),400080,25692871. LKP Securities Ltd, Bank of Maharashtra Bldg,45 / 47, B S Marg, Fort,400001. Nirmal Bang
Securities Pvt Ltd,38B/39., Khatau Bldg., 2nd Floor., Alkesh Dinesh Mody Marg, Fort ,400001,39269125. Standard Chartered Securities (India) Limited ,1st Floor, Standard
Chartered Tower, 201b/1,Western Express Highway, Goregaon (East),400063.67559626. MYSORE: SBICAP Securities Ltd C/O State Bank Of India, Mysore Main
Branch,P.B.No-204, Motikhana Building, New Sayaji Rao Road,570024,2435866.NAGERCOIL: SBICAP Securities Ltd C/O SBI, 14-B, State Bank
Road,642001,420737.NAGPUR: SBICAP Securities Ltd C/O SBI Seva Sadan Branch, 75 Moti Mohan Complex Seva Sadan Chowk, C.A.Road,440018,3257729. NASHIK:
SBICAP Securities Ltd C/O SBI Spbb Br., Plot No. 56 ,Opp. Wadnagare Bhavan, Thatte Wadi, College Road,422005,2232152.NEW DELHI: SBICAP Securities Ltd
SBI Spb Branch11, Parliament Street,110001,23744235. SBICAP Securities Ltd State Bank Of India Personal Banking Branch, A-15 Hauz Khas,110016,26511104.
SBICAP Securities Ltd 9, New Rajdhani Enclave, Swasthya Vihar,Nr Preet Vihar Metro Station,110092,45108482. SBICAP Securities Ltd C/O, State Bank Of India,
E-2/28, Sector-7, Rohini,110085,27055815.NOIDA: SBICAP Securities Ltd C/O State Bank Of India, Sector-26,201301,2532133.PANCHKULA: SBICAP Securities
Ltd C/O State Bank Of India,Sco - 14, Sector 10,,140109,4010507.PANJIM: SBICAP Securities Ltd SBI, Panaji Main Branch Dayanand Bandodkar Marg Near Hotel
Mandovi,403001,3253886.PATIALA: SBICAP Securities Ltd State Bank Of Patiala Mall Road, The Mall Near Sherawala Gate, Demat Section,147001,5013356.PATNA:
SBICAP Securities Ltd C/O State Bank Of India ,Spb Gandhi Maidan,Biscoman Bhavan,800001,3260943.PONDICHERRY: SBICAP Securities Ltd 164, Kamraj Salai,
1st Flr, Above SBI Adb Branch,605013,4304236.PUNE: SBICAP Securities Ltd State Bank Of India Deccan Gymkhana Branch J.M.Road, Deccan
Gymkhana,411004,25539399. SBICAP Securities Ltd C/O SBI Bund Garden Branch, Grale 171/B, 1st Floor, Dp Road,411001,30221091.RAIPUR: SBICAP Securities
Ltd C/O State Bank Of India,Kutchery Branch,Kutchey Chowk,492001,4075329.SALEM: SBICAP Securities Ltd SBI Siruthozhil Branch Bank House,No. 68 Cherry
Road,636007,4031780.SHIMLA: SBICAP Securities Ltd C/O State Bank Of India, New Building, 2nd Floor, The Mall,171003,2652726.SURAT: SBICAP Securities Ltd
1/580, Pore Street, Nanpura, Opp SBI,395001,2464888.THIRUVANANTHAPURAM: SBICAP Securities Ltd First Floor, State Bank Of Travancore Building,
Sasthamangalam,695010,6454296.TIRUCHIRAPPALLI: SBICAP Securities Ltd C/O, State Bank Of India, Micr Center, Ground Flr, Asha Arcade, 73 Promenade Road,
Cantonment,620001,4002818.UDAIPUR: SBICAP Securities Ltd C/O SBI, Main Branch, 23/C Madhuban,313001,2420150.UJJAIN: SBICAP Securities Ltd C/O SBI
Main Branch, State Bank Building, Budhwariya,,465001,4061476.VADODARA: SBICAP Securities Ltd SBI, Alkapuri, R.C.Dutt Road,390007,6535747. SBICAP Securities
Ltd C/O. SBI Mandvi Main Branch, Opp Jamnabhai Hospital, Mandvi,,390001,2516422. SBICAP Securities Ltd C/O. SBI Makarpura I.E. Branch, Vcci Building,
Makarpura,390010,2632533. SBICAP Securities Ltd C/O State Bank Of India , Bhelupur Branch,221010,22277558.VIJAYAWADA: SBICAP Securities Ltd SBI ,Governorpet
Branch Ali Begh Street Governorpet,520002,2577887.VISAKHAPATNAM: SBICAP Securities Ltd C/O SBI Main Branch, Demat Section, Opposite Jail Road Junction,
Near Redham Gardens,530002,9949324544.

RURAL ELECTRIFICATION CORPORATION LIMITED

47

IN THE NATURE OF FORM 2A-MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS


TRADING MEMBERS
The Trading Members shall accept Application Forms only in such cities/ towns where the banking branches (escrow banks) are available. Details of such branches of the Escrow Banks where the Application Form along with the cheque/ demand draft submitted by a Non ASBA applicant shall be deposited
by the Trading Members are available on the websites of NSE and BSE at www.nseindia.com and www.bseindia.com, respectively.

LIST OF SELF CERTIFIED SYNDICATE BANKS (SCSBS) UNDER THE ASBA PROCESS
Sr. Syndicate ASBA Bank
No.
1 Axis Bank Limited

Branch Address

Contact Person

Contact Number

Fax

Centralised Collections and Payment Hub (CCPH) 9th Floor, Solaris, C-Wing Opp L&T Gate No 6,
Saki Vihar Road, Powai, Mumbai 400072
Gunfoundry, Hyderabad
Capital Market Branch, Ist Floor, Earnest House, NCPA Marg, Nariman Point, Mumbai-400021
Anakatchery Buildings, Y M C A Road, Statue, Thiruvananthapuram-695001
IDBI Bank Limited, Central Processing Unit, Sarju House, 3rdFloor, Plot No 7, Street No. 15, Andheri MIDC,
Andheri (E), Mumbai, Pin : 400093
State Bank of Bikaner & Jaipur, P.R. Road, Jaipur -302005
YES Bank Limited, Tiecicon House, Second Floor, Dr. E Moses Road, Mahalaxmi, Mumbai 400 011

Mr Kirit Rathod, Vice President

022-40754981/ 82/83/9820850829

022-40754996

Sri Ashok Kulkarni


Mr. Amod Kumar
P.P. Muraleedharan
Meyyappan VR /
Meenakshi Khangarot
Shri Arun Paliwal
Mahesh Shirali / Manoj Bisht/
Shankar Vichare
Sh. K Kumar Raja
Manish Kulkarni
Mr.O.P.Jain / Mr.K.I.DAMNIWALA
Deepak Rane / Uday Dixit

040-23387325
22841406/22842764/9870340031
0471-2333676
022-6670 0659/66700660

040-23387743
022-22843823
0471-2338134
022-66700669/708

0141-4003380/ 9413398771
022 66229031/ 9164/9070

0141-2365219
022-24974875

022- 22621122, 22621123,


022-66009428
022-22629411/2262 9404
022-30752928/30752927

022 22621124
022-66009666
022-22676685/2264 2787
022-25799801

Mr. Sonu A. Arekar


Roshan Tellis
Vittaldas Acharya
A D Deshpande
(Assistant General Manager)
Ms Vidya Krishnan
Mr.K.Umamaheswaram,
Chief Manager / Mr. T.V. Rao,
Sr. Manager (Operations)
Mr Jagrut Joshi

40468314/40468307
022-22627600
080-25584281
022-22694160/22652595/22663947/
9730000438
022-22094927/ 022-22094932
022-22046160/ 022-22046160

022-22835236
022-22611138
080-25584281
022-22681296
022-22650747
022-22046160

022-67115485/9870403732

022-66536005

Sanjay Sawant
Shri Navin Kumar Pathak,
Senior Manager
S Girish
Mr. Yogesh Adke
Shri S. K. Jain, Chief Manager
Nori Subrahmanyam
Dhanya Dominic
Mr. V Muthukumar / Mr. M Veerabahu
Mr. Vineet Bansaj
Shri B.K. Palrecha
Asstt. General Manager
Mr. Nitin Gulgule
Nandita Halady
Miti shah
Manager
Mr. K. S. Prasanna
AGM (CMS & Demat)

022-66056587
022-22723631/1677/
9619810717
022-26535504/98199 12248
9833670809 / 022-66366589
022-22655739/22662018
044- 24340374
0484-2201847
044 24330233
022-22623148 / 22623149
022-22654791/95

022-66056642
022-22721782
022-26535824
022-66366590
022-22661935
044-24340374
0484-2385605
044 24347755
022-22623150
022-22654779

022 26757247/234
022-6157 3833
9879506795
022 40180105
022-022-22677405/406
03322624175/03322624176

022-26757358
022-6157 3910
07926564715
2222870754
022-22677404
033-22624176

P Padmavathy Sundaram,
Chief Manager
John K Mechery
Mr. R.S. Mani / Mr. M. Sasikumar

022-22621844

022-22700997

9645817905
044-28513616/ 28513617/ 28513618

0484-2351923
044- 28513619

2
3
4
5

State Bank of Hyderabad


Corporation Bank
State Bank of Travencore
IDBI Bank Limited

6
7

State Bank of Bikaner & Jaipur


Yes Bank

8
9
10
11

Punjab National Bank


Deutsche Bank
Union Bank of India
HDFC Bank Limited

12
13
14
15

Bank of Baroda
ICICI Bank Ltd
Vijaya Bank
Bank of Maharashtra

Capital Market Services Branch, PNB House, Fort, Sir P.M.Road, Mumbai
Sidrah, 110, Swami Vivekananda Road, Khar (West), Mumbai- 400052
Mumbai Samachar Marg, Fort, Mumbai 400 023.
FIG OPS Department, Lodha, I Think Techno Campus, O-3 Level, Next to Kanjurmarg Railway Station,
Kanjurmarg (East) Mumbai - 400 042 Maharashtra.
Mumbai Main Office, Mumbai Samachar Marg, Fort, Mumbai 400 023.
Capital Market Division,Fort
Head Office Bldg 41/2,M G Roadbangalore Karnataka State 560001
Fort Branch, 1stFloor, Janmangal, 45/47, Mumbai Samachar Marg, Mumbai 23

16
17

State Bank Of India


Andhra Bank

Capital Market Branch, Videocon Heritage Building (Klick House), Charanjit Rai Marg, Fort, Mumbai-400 001
18, Homi Modi StreetNanavati Mahalaya, Fort Branch, Mumbai-400023.

18

HSBC Limited

19
20

Kotak Mahindra Bank Ltd


Bank of India

21
22
23
24
25
26
27
28

CITI Bank
IndusInd Bank
Allahabad Bank
Karur Vysya Bank Ltd
The Federal Bank Limited
Indian Bank
Central Bank of India
Oriental Bank of Commerce

3rd Floor, PCM Dept. Umang, Plot CTS No. 1406-A/28, Mindspace, Malad (West) Mumbai 400 064
(address of IPO Operations office)
Kotak Infiniti, 6th Floor, Building No. 21, Infinity Park, Off Western, Express Highway, General AK Vaidya Marg,Malad (E)
Stock Exchange Branch, Phiroze Jeejeebhoy Tower, (New Stock Exchange Bldg), P. J. Tower, Dalal Street,
Fort, Mumbai 400 023.
Citigroup Center, Plot No C-61, Bandra-Kurla Complex, Bandra (E), Mumbai - 51
Premises No. 1, Sonawala Building 57, Mumbai Samachar Marg, Fort, Mumbai 01
Allahabad Bank, Fort Branch, 37, Mumbai Samachar Marg, Post Box No. 282, Mumbai, Maharashtra 400 023
DEMAT CELL, SECOND FLOOR,No 29,RANGAN STREET, T NAGAR, CHENNAI - 600 017
ASBA CELL, Retail Business Dept., Federal Bank, Marine Drive, Ernakulam 682031
Nandanam Branch- 480 Anna Salai, Nandanam 600035
Ground floor, Central Bank of India, Central Bank Building, Fort, Mumbai 400001
67, Bombay Samachar Marg, Sonawala Building, Fort,Mumbai -400001

29
30
31
32
33
34

Standard Chartered Bank


J P Morgan Chase Bank, N.A.
Nutan Nagrik Sahakari Bank Ltd.
UCO Bank
Canara Bank
United Bank of India

35

Syndicate Bank

Crescenzo, 3rdFloor, C/3839, G-Block, Opp. MCA Club, Brandra-Kurla, Complex, Bandra(E), Mumbai 400 051
J.P. Morgan Tower, Off C.S.T. Road, Kalina Santacruz - East, Mumbai - 400 098
Opp samratheshwar mahadev, Nr, Law Garden, Ellisbbridge.
Mumbai Main (Retail) Br., UCO Bank Bldg., D. N. Road, Mumbai- 400 023
Merchant Banking Division, 407-412, 4thFloor, Himalaya House, 79, Mata Ramabai Ambedkar Marg, Mumbai 400 001
Global Cash Management Services Hub, 4th Floor, United Bank of India, United Tower, Head Office,11,
Hemanta Basu Sarani, Kolkata 700 001.
Capital Market Services Br. 26A, First Floor, SyndicateBank Bldg, P.M. Road, Fort, Mumbai - 1

36
37

South Indian Bank


Indian Overseas Bank

ASBA Cell (NODAL OFFICE)1st Floor, SIB Building, Market Road, Ernakulam 682035, Kerala, India.
Chennai DP Branch, Mezzanine Floor, Cathedral Branch, 762, Anna Salai, Chennai 600 002

38

Tamilnad Mercantile Bank Ltd.

Mr. K. Natarajan

044-26192552

044-26204174

39

City Union Bank Ltd.

Tamilnad Mercantile Bank Ltd.,Depository Participant Services Cell, Third Floor, Plot No.4923, Ac/16, 2nd Avenue,
Anna Nagar (West), Chennai - 600 040, Tamilnadu, India
48, Mahalakshmi St.,T.Nagar, Chennai - 600 017.

Sivaraman

044 - 24348586

40
41

French Bank Bldg., 62, Homji Street, Fort, Mumbai 400 001
Kalupur Bank Bhavan, Nr. Income Tax Circle, Ashram Road, Ahmedabad-380 014

Mr. Prem Mariwala


Jay V. Pathak Manager

42
43

BNP Paribas
The Kalupur Commercial
Co-Operative Bank Ltd.
Bank of America N.A.
The Lakshmi Vilas Bank Ltd.

044 - 24340010, 24343517,


24346060, 24348586, 9380286558,
9382642081, 9380286558
022-66501376
079-27582028

EA Chambers, Express Avenue 8th Floor No. 49, 50L, Whites Road, Royapettah, Chennai 600014
64,DR,V.B.Gandhi Marg, P.B.No.1783, Kalaghoda, Fort Mumbai, Great Mumbai District, Maharashtra-400001

Swaminathan Ganapathy
Raghu Nagarajan

044-43528911
22670267

44

State Bank of Patiala

CO 99-102, Sector - 8C, Chandigarh

Shri. Amarjit Singh Girn

45
46
47

State Bank of Mysore


The Surat Peoples Co-op Bank Ltd
Dhanlaxmi Bank Limited

Mr. Rajeshwar Das, Manager


Mr. Iqbal Shaikh
Gunavati karkera

48

The Saraswat Co-operative Bank Ltd.

Dalal Street, P.B.No.1066, #24/28, Cama Building, Dalal Street, Fort, Mumbai-400 001.
Central Office.Vasudhara Bhavan, Timaliyawad, Nanpura, Surat 395001
The Dhanlaxmi Bank Ground Floor, Janmabhoomi Bhavan, Plot 11 -12, Janmabhoomi Marg, Fort Mumbai,
Maharashtra - 400 001
Madhushree, Plot No. 85, 4thFloor, District Business Centre, Sector 17, Vashi, Navi Mumbai 400703

044-42904526
22-22672255-22672247(M)22673435(CM)
0172-2779116, 2546124, 2543868/
9779586096
9022469176
0261-2464577
022 2202535

Mr. A. A. Bhatia

49 DBS Bank Ltd


DBS Bank Ltd, Fort House, 221, Dr. D.N. Road, Fort, Mumbai, 400 001
Amol Natekar
50 Dena Bank
Dena Bank, Capital Market Branch, 17, B, Horniman Circle, Fort, Mumbai 23
Branch Manager
51 Karnataka Bank Ltd
The Karnataka Bank Ltd, MangaloreH O Complex Branch, Mahaveera Circle, Kankanady, Mangalore 575002
Ravindranath Baglodi, Sr. Manager
52 TThe Ahmedabad Mercantile Co-Op. Bank Ltd. Head office :-Amco House, Nr. Stadium Circle, Navrangpura, Ahmedabad-09
Bimal P Chokshi
For further details, Please see the List of Self Certified Syndicate Banks (SCSBs) under the ASBA Process at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries

48

RURAL ELECTRIFICATION CORPORATION LIMITED

(O) 27884161, 27884162, 27884163,


27884164, (M) 9820505121
022- 6613 1213
022-22661206, 22702881
0824-2228139/140/141
079-26426582-84-88

022 66501620
079-27544666

0172-2546080
022-22656346
0261-2464577, 592
022-22871637
27884153
022-6752 8470
022-22694426/22702880
0824-2228138
079-26564863