Pursuant to regulation 30 of the Securities Exchange of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rites has informed that the Board of Directors of the Company at their Meeting held on 13th November, 2018 has approved in principle to acquire stake of 33% Equity Shares in Indian Railway Station Development Corporation Limited (IRSDC).
The above information is a part of company’s filings submitted to BSE.