RITES To Buy 25% In State-run Peer IRSDC

RITES To Buy 25% In State-run Peer IRSDC

Transport infrastructure consultant RITES Ltd. will buy one-third stake worth Rs 250 crore in state-run peer tasked with development of railway stations — Indian Railway Stations Development Corporation Ltd.

Rites IPO To Boost Rly Infra

Rites IPO To Boost Rly Infra

Looking forward to give a major fillip to the railway infrastructure development, the Centre is all set to divest 12 per cent stake through IPO (Initial Public Offer) in the RITES, a PSU of the Railway Ministry.