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Board of Rites approves investment of Rs 48 cr in Indian Railways Station Development Corporation

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Capital Market
Last Updated : Dec 27 2019 | 7:16 PM IST

At meeting held on 27 December 2019

The Board of Rites has approved investment of Rs 48 crore for acquiring a stake of 24% in Indian Railways Station Development Corporation. This investment is being done at face value i.e. Rs 10 per share and will provide RITES an opportunity of growth in the emerging field of development of railway stations.

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First Published: Dec 27 2019 | 7:06 PM IST

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