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Govt to further dilute stake in RITES via OFS

Govt to further dilute stake in RITES via OFS

🕔11:40, 22.Nov 2019

New Delhi, Nov 22  The disinvestment revenue generation has picked speed as days after the Cabinet decision to privatise four blue-chip PSUs including BPCL, the Centre now proposes to sell 2.50 crore shares of Railways’ arm – RITES, representing 10

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Centre to sell 15% stake in RITES through OFS in July

Centre to sell 15% stake in RITES through OFS in July

🕔06:31, 16.May 2019

New Delhi, May 16  The government intends to sell a further 15 per cent stake in its railways undertaking RITES India under the Offer-For-Sale (OFS) route, according to an official announcement on Wednesday, The stake sale would augment the government’s

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Railway PSU RITES’s 2015-16 net profit up 11%

Railway PSU RITES’s 2015-16 net profit up 11%

🕔09:57, 17.Sep 2016

New Delhi, Sep 17  Engineering consultancy company RITES on Friday reported an increase of 10.78 per cent in its net profit for the last fiscal.According to the company, its profit after tax stood at Rs 339 crore against Rs 306

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