Union government 2014 divestment in Engineers India

Union government 2014

Cabinet nod for 10 % divestment in Engineers India
The Union government has decided to offload its 10 per cent stake in Engineers India Ltd. (EIL) through public offer, which might fetch it around Rs.800 crore this fiscal.

After the disinvestment, the government’s shareholding in the company would come down to 70.40 per cent.

The paid-up equity capital of the company, as on March 31, 2012, was Rs.168.47 crore.

The government holds 80.40 per cent stake in EIL.


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