RITES Buyback 2020: Record Date, Price, & Illustration

RITES approved in its Board meeting on 18-09-2020 entails buyback of 96,98,113 equity shares at a price of Rs. 265 (Rupees Two Hundred Sixty Five only) per equity share for an aggregate consideration not exceeding Rs. 257 Crore. RITES Buyback amounts to 3.88% of the total number of equity and is through the tender route. The Board has fixed Sept, 30, 2020 as the Record Date for determining the entitlement and the names of the Eligible Shareholders to RITES Buyback.

rites buyback 2020

RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. Company is incorporated in India as a Public Limited Company under the Companies Act, 1956 and is governed by a Board of Directors which includes persons of eminence from various sectors of engineering and management.

The Company, RITES Ltd. is an ISO 9001:2015 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

In overseas projects, RITES actively pursues and develops cooperative links with local consultants/firms, as a means of maximum utilization of local resources and as an effective instrument of sharing its expertise.

RITES BuyBack Offer Deal 2020

Buyback Type:Tender
Issue Period27-Oct-2020 to 10-Nov-2020 (excluding October 30, 2020)
Buyback Record Date:30 Sep 2020
Buyback Offer Amount:₹ 257 Cr
Date of Board Meeting approving the proposal:14 Sep 2020
Date of Public Announcement:14 Sep 2020
Buyback Offer Size:3.88%
Buyback Number of Shares:96,98, 113
Price Type:Tender
Buyback Price:₹ 265 Per Equity Share
Book Running Lead ManagerIDBI Capital Markets & Securities Limited
Contact person name number and Email idMr.Sumeet Deshpande, +91-4918 6200,
best share to buy for short term

Profit & Loss Consolidated Figures Of RITES

(Rs. in Cr.)
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Sales +1013121813511497204724742272
Expenses +66487110051071146918111686
Operating Profit348347347427578663586
OPM %34.00%28.00%26.00%28.00%28.00%27.00%26.00%
Other Income147209210154200268279
Profit before tax468518505519730874810
Tax %33.00%34.00%33.00%31.00%33.00%28.00%
Net Profit312339328342470616581
EPS in Rs24.1827.0913.1413.718.7824.6423.23
Dividend Payout %20.00%40.00%46.00%32.00%54.00%65.00%

Quick Link : Board Resolution of RITES

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