Government kicks off its divestment drive for FY19 with the RITES IPO opening today!
Date of publication
Last modified on
Government kicks off its divestment drive for FY19 with the RITES IPO opening today! As RITES issue opens today, it will be the first state run railway company to launch an initial public offering. The government looks to offload 12.6% stake in the company for Rs 460 Cr, valuing the company at Rs 3650 Cr. RITES Limited is an ISO 9001:2008 government organization involved in consulting for transportation and infrastructural projects for clients. The company operates under the aegis of Indian Railways in delivering projects for Indian as well as foreign companies. Explore more about the RITES Limited IPO and RITES Limited IPO review and expert opinion.
The government also plans to take Indian Railway Finance Corporation Ltd. and Ircon International Ltd. public. The stake sales will contribute towards its divestment target of Rs 80,000 crore for the financial year 2018-19.
Find out which all IPOs are going to hit the Stock Exchanges and probably providing an opportunity for investors to make money Read More>>
Investing in an IPO has always been a point of discussion amongst investors and with the recent increase in the number of companies going public, the discussion is catching more attention. While this article attempts to answer the question, let us start b Read More>>
Once you have invested in an IPO the next thing to concern yourself about is to have an exit strategy in order to maximize your gains. In order to have an efficient exit strategy, there are certain factors to take note on. This article will try to explain Read More>>