12 Jan 08 RITES IPO – Goverment approves RITES IPO
RITES IPO is likely to hit the markets soon with the Cabinet giving its nod for the IPO earlier this week. The government would divest a part of its stake through and offer for sale of stake in the RITES IPO. However, RITES IPO will also involve a fresh issue of equity shares. Hence RITES IPO will involve both offer for sale and issue of new shares. RITES is a fully government owned consulting company and its IPO is likely to do well in the market since its a profit making company. More details about the RITES IPO will be updated soon.
Related Posts
Leave a Comment
