Joint Venture25 Jun 2026, 01:16 pm
RITES Ltd Approves Joint Venture Formation and Capital Investment
AI Summary
RITES Ltd's Board of Directors has approved the formation and capital investment in a proposed Joint Venture Company with NICC Infrastructure Construction LLC. This JV will be established as a Limited Liability Company (LLC) in the United Arab Emirates (UAE). Further details will be disclosed upon the execution of the Shareholders Agreement, as per SEBI LODR Regulations.
Key Highlights
- Board approval granted for new Joint Venture.
- JV to be formed with NICC Infrastructure Construction LLC.
- The venture will be an LLC based in the UAE.
- Capital investment in the JV has been approved.
Price Impact
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