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Friday, April 4, 2008

RITES IPO: files DRHP with SEBI.

RITES, a Government of India Enterprise, is a multi-disciplinary ISO 9001 consultancy organization with extensive resources and the ability to deliver results, right on time. Been in business for more than a quarter of a century, RITES has scaled heights in different sectors of consultancy, starting first with railways, mostly abroad and later to other transportation sectors both in India and outside. We have since over the decades graduated to other infrastructure sectors.Presently, RITES has more than 40 on-going projects in various countries, worldwide.

RITES has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market soon with an initial public offering (IPO) of 140,00,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

source: rupya.com

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