New Delhi, June 4 -- REC Limited can issue Rs 5000 cr Zero Coupon Bonds

Gurgoan, June 04 REC Limited NBFC under the Ministry of Power, has received approval from the Central Board of Direct Taxes (CBDT)for the issuance of Five Lakh Zero Coupon Bonds (ZCBs) with a tenure of ten years and six months, aggregating to a total amount of Rs.5,000 crore.

These Zero Coupon Bonds, issued at a deep discount and redeemable at face value upon maturity, offer significant tax advantages to investors under the Income-tax Act, 1961.

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