Fri Sep 20 07:45:47 UTC 2024: ## RITES Ltd. Share Price in Focus as Ex-Bonus and Ex-Dividend Trading Begins

**New Delhi, India** – RITES Ltd. shares are under close scrutiny today, as they begin trading “ex-bonus” and “ex-dividend.” This means that investors who purchase shares today will not be eligible to receive the upcoming bonus shares or dividend payment.

The record date for both the 1:1 bonus share issue and the ₹5 per share dividend is Friday, September 20, 2024. To be eligible, investors had to have purchased RITES Ltd. shares by Thursday, September 19, 2024.

The bonus share issue will see shareholders receive one new share for every existing share held. The dividend payment will be made to shareholders whose names appear on the company’s register of members or in statements of beneficial ownership provided by NSDL and CDSL.

RITES Ltd. shares have been in the spotlight throughout September, fueled by a series of recent developments. On September 4th, the company announced a partnership with NBCC (India) Ltd. to undertake a range of consultancy, fee-based projects, and EPC contracts.

Additionally, RITES Ltd. was declared the lowest bidder (L-1) in a tender for consultancy services on a bridge construction project in Uttar Pradesh, with an estimated value of Rs. 60.03 crore plus GST.

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