<h1>REC Disinvestment in 2015-16: Record 902% Oversubscription, Rs. 2887 Crore Raised, Government Share Drops to 60.64.</h1> The disinvestment of Rural Electrification Corporation (REC) in 2015-16 achieved a record 902% oversubscription, totaling Rs. 2887 crore. The offering, comprising 5% of REC's paid-up capital, was fully subscribed within 90 minutes. Retail investors, who received a 5% discount, contributed significantly with a 902% oversubscription, totaling Rs. 3415 crore including mutual funds. Institutional investors also showed strong interest, oversubscribing by 466% with a total of Rs. 4734 crore. Foreign Institutional Investors (FIIs) participated with Rs. 1692 crore, making up 20.71% of the subscription. The government's share in REC decreased to 60.64% following this disinvestment.