Government to sell 10% in RITES for Rs 745 crore

The government plans to sell 2.5 crore shares, or a 10% stake, in public sector engineering consultancy company RITES valued at around Rs 745 crore through the stock exchanges as part of its disinvestment programme. The issue comprises 1.25 crore shares (5% stake) with an option to sell an additional 1.25 crore shares based on demand.

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