SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Life Insurance Corporation (LIC) has bought 2.38 per cent government stake in RITES through secondary market purchases, taking its total stake in the railway public sector undertaking to 7.83 per cent. LIC has acquired 59.49 lakh shares, or 2.38 per cent stake, in the company though an offer-for-sale (OFS) between November 22, 2019 and February 27, 2020.

The government on February 27 launched an OFS for selling up to 10 per cent stake in RITES. The floor price for the OFS was fixed at Rs 298 a share. At this price, LIC has purchased shares worth about Rs 177 crore in RITES. Following this, LIC's holding in RITES has gone up to 7.83 per cent from 5.45 per cent.

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.

Rites Share Price

220.00 1.15 (0.53%)
21-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×