RITES declares 3rd interim dividend of Rs7.50; Stock rallies over 3%

15 Mar 2022 , 09:16 AM

Rites Ltd stocks in focus on Tuesday trade as the company has informed that the Board of Directors of the company at the Meeting held on Monday, March 14, 2022, have declared 3rd interim dividend at the rate of 75% of paid up share capital (Rs. 7.50 per share).

Further, the Board of Directors have also fixed Friday, March 25, 2022, as the record date for the purpose of payment of dividend.

On Tuesday early morning trade, Rites was trading at Rs254.30 per piece higher by 3.19% against previous closing of Rs246.45 per piece on Sensex.

Further, Ministry of Railways has appointed Raj Kumar Mangla, Additional Member (Production Unit), Railway Board as part time Government Nominee Director of the Company with immediate effect till he holds the post of Additional Member (Production Unit), Railway Board or until further orders, whichever is earlier.