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Government raises Rs 500 cr selling EIL shares at Rs 150 each

The government on Thursday fixed the issue price for the sale of a stake in Engineers India Ltd (EIL) at Rs 150 a share, the upper end of the price band, garnering Rs 500 crore for the exchequer.

EGoM clears 10% stake sale in Engineers India via FPO

The government holds 80.4 percent in the 'miniratna' public sector undertaking.

ICICI Securities, IDFC and Kotak Capital to manage EIL stake sale

At the market price of around Rs 175 a share, the 10 percent stake sale could fetch about Rs 600 crore to the exchequer.

Govt initiates process for EIL stake sale; to fetch Rs 520 cr

The government plans to disinvest 10 percent stake, or 3.36 crore shares of EIL through Further Public Offering (FPO) in the domestic market.

Govt may take up EIL stake sale, SIL revival proposals Thursday

The government is expected to consider on Thursday proposals for 10 percent stake sale in Engineers India Ltd, which may fetch around Rs 645 crore to the exchequer, and a revival package for sick PSU Scooters India Ltd.