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Merger & Restructuring

Rites Merger & Restructuring

RITES Ltd has announced the liquidation of its joint venture company, MMG - Metro Management Group Limited. The JV involved RITES, DMRC, and the Israeli firm Poran Shrem Engineering and Appraisal Limited. This closure follows an initial intimation dated December 27, 2024, and marks the formal dissolution of the entity.

Source

BSE filing, NSE: RITES. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Rites Ltd: key numbers

Share price
₹196.57
Market cap
₹9,447 Cr
Revenue (annual)
₹2,415 Cr
Net profit (annual)
₹410.3 Cr
P/E (TTM)
22.1×Sector 31.3×
Promoter holding
72.20%+0.00% QoQ
FII holding
3.38%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:53 IST NSE
Merger & RestructuringEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value
₹30.00 Cr
Execution
Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals