MoneyWorks4Me

Govt subscribes RITES’ 10% OFS worth Rs 729.4 crore

27 Nov 2019 Evaluate

Government has fully subscribed RITES’ 10% offer for sale (OFS) with disinvestment proceeds of Rs 729.4 crore. This OFS has undertaken by the government on November 22-25, 2019.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

Peers
Company Name CMP
NBCC (India) 82.42
Rites 207.85
Mold-Tek Tech 196.90
Dhruv ConsultancySer 21.80
Telge Projects 224.15
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