10 % Disinvestment of Engineers India (EIL)

January 2016, Business
In Brief:

A 10 per cent government stake sale in Engineers India (EIL), the first round of government disinvestment in central public sector enterprises during the final quarter of this financial year, was oversubscribed 2.54 times, according to the government. With this disinvestment, the government’s share in EIL declines to 59.37 per cent.
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