Month: July 2019

RITES Ltd

RITES Ltd – On the superfast track

RITES Ltd, incorporated in 1974, is a Miniratna (category–I) schedule ‘A’ public sector enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach under one roof. RITES has an experience of over 44 years and have undertaken projects in over 55 countries including Asia, …

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promoter holding

Reduction in promoter holding- much ado about nothing

Finance Minister Nirmala Sitharaman, in the latest Union Budget, proposed to reduce the promoter holding of listed shares from the current 75% to 65%. SEBI is likely to examine the same. However, it is only a proposal for now. Even if implemented it is likely to be over a few years’ time & unlikely to …

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