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February 20, 2008

Rural Electrification Corporation IPO-Day1 subscription

Rural Electrification Corporation (REC) IPO Day 1 subscription status:

Overall subscription: 2.14 times

Retail Individual Investors (RIIs) category: 0.07 times

Qualified Institutional Buyers (QIBs): 3.62 times

Non Institutional Investors: 0.04 times

In fact it got fully subscribed in first two hours of opening that is really achievement in this choppy market.

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