Government to divest 10% stake in Engineers India through offer for sale

The Ministry of Petroleum & Natural Gas vide its letter dated 9/07/2013 has granted its approval to the offer, involving disinvestment of 10% of Paid-up equity Share Capital of Engineers India Ltd (being 33,693,660 Equity Shares) out of its holding in the Company, by way of an "offer for sale" in the proposed Offer of the Company.

Shares of Engineers India Ltd was last trading in BSE at Rs.140, up by Rs.0.35 or 0.25%. The stock hit an intraday high of Rs.140 and low of Rs.139.

The total traded quantity was 582 compared to 2 week average of 11538.

Source : Equity Bulls

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