RITES gets nod for share buyback worth up to Rs 257 crore
19th Sep 2020

RITES’ board has approved buyback of 96.98 lakh shares with repurchase amount not exceeding Rs 257 crore. The board of directors has approved buyback of 96,98,113 equity shares of face value of Rs 10 each at Rs 265 per share, translating into the total buyback amount not exceeding Rs 257 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 n transfer of technology to client organizations.