Govt to sell EIL shares at Rs 145-150

The government has set a price range of Rs 145-150 a share for the sale of a 10 per cent stake in Engineers India (EIL) starting on Thursday, aimed at garnering about Rs 500 crore.

“In connection with EIL’s further public offer of 3.37 crore equity shares through an offer for sale...the Empowered Group of Ministers (EGoM) has fixed the price band of Rs 145 to Rs 150,” EIL said in a BSE filing.

The price band was fixed during the EGoM meeting chaired by Union Finance Minister P Chidambaram.

EIL said a discount of Rs 6 a share will be offered to retail investors and employees.

Narendra Modi or Rahul Gandhi? Who will win the battle royale of the Lok Sabha Elections 2019

Get real-time news updates, views and analysis on Lok Sabha Elections 2019 on 

Like us on Facebook or follow us on Twitter and Instagram with #DHPoliticalTheatre for live updates on the Indian general elections 2019.

Liked the story?

  • 0

  • 0

  • 0

  • 0

  • 0