RITES Ltd Board Approves Investment in UAE Joint Venture with NICC Infrastructure Construction LLC
RITES Ltd has approved the formation and capital investment into a proposed joint venture company. The decision was made by the Board of Directors during a meeting held on June 25, 2026.The new venture will be established as a Limited Liability Company (LLC) in the United Arab Emirates (UAE). RITES Ltd will partner with NICC Infrastructure Construction LLC for this joint venture.
RITES Stock Price Movement
RITES Limited closed the trading day slightly higher after gaining 0.2%, settling at ₹208.68 today. The stock saw robust activity in the session, with a total traded volume reaching 879,879 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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