Rlys oppose RITES selloff

The Railways have opposed Divestment Commission’s proposal to offer 51 per cent stake in RITES to its employees, saying they do not have the financial resources.

NEW DELHI: The Railways have opposed Divestment Commission’s proposal to offer 51 per cent stake in RITES to its employees, saying they do not have the financial resources.

The Railways said, “At present, the total strength of RITES is about 2,200 and would mean an average investment of Rs 2.27 lakh by each employee.�
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