RITES Ltd - Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Signing Of Shareholders' Agreement

Pursuant to regulation 30 of the Securities Exchange of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, We wish to inform you that the Board of Directors of the company at their Meeting held on 30th December, 2020, has approved the contribution of Rs. 15730/- towards acquiring the 13% stake i.e. 1573 equity shares of Rs. 10 each of M/s Elicius Energy Pvt. Limited (a startup) and signing of the agreement with it.