RITES Ltd receives acceptance of offer from Volantis Asset Finance Pty Ltd

RITES Ltd has received an acceptance of its offer regarding "Supply and Commissioning of 4000 HP Cape Gauge Diesel Electric Locomotives" from Volantis Asset Finance (Pty) Ltd., South Africa. Contract Agreement shall be signed against this communication after due diligence at both ends and thereafter, the same shall be added to order book.

The order size is USD 35,820,000 (US Dollars Thirty-Five Million Eight Hundred and Twenty Thousand).

Shares of RITES Limited was last trading in BSE at Rs. 215.95 as compared to the previous close of Rs. 218.10. The total number of shares traded during the day was 54168 in over 835 trades.

The stock hit an intraday high of Rs. 219.95 and intraday low of 215.45. The net turnover during the day was Rs. 11735591.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 OfferAcceptance VolantisAssetFinance