RITES to close its South Africa subsidiary

RITES to close its South Africa subsidiary — RITES Limited has initiated the process to wind down RITES (Afrika) Proprietary Limited, its wholly-owned subsidiary in South Africa. The closure is part of strategic consolidation and optimizing international operations. No financial impact details were disclosed.

📊 STOCKS: $RITES | 🏢 SECTOR: CapitalMarkets | #LOWIMPACT #RITES