HDFC Mutual Fund has sold 31,18,101 shares in RITES at an average price of Rs 235 apiece, taking the transaction size to Rs 73 crore through an open market transaction on NSE. Besides, HDFC Mutual Fund has also disposed 19,25,000 shares of RITES at an average price of Rs 235 apiece on BSE. This took the transaction value to Rs 45 crore.
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 in transfer of technology to client organizations.