Rites announces GoI's offer for sale to employees

Offer opens on 11 March 2020

Rites announced that the Government of India proposes to offer upto 6,70,903 equity shares of face value of Rs. 10/- each to the eligible employees of the Company at a discounted price of Rs. 290.00 per equity share (i.e. price is at discount of Rs. 8.00 to the issue/discovered price i.e. Rs. 298.00 per Equity Shares to Non Retail Category) in the offer for sale of equity shares of the Company carried out by the President of India acting through Ministry of Railways, Government of India on 27 February 2020 and 28 February 2020.

This Offer for Sale shall remain open from 11 March 2020 (10.00 AM) to 12 March 2020 (5:00 PM) (both days inclusive).

 

Powered by Capital Market - Live News