News Business Govt approves 10% stake sale in Engineers India

Govt approves 10% stake sale in Engineers India

New Delhi, Jan 10: The Cabinet Committee on Economic Affairs has given its nod for 10 per cent stake sale in Engineers India Ltd. The follow-on public offer will garner about Rs 800 crore.The government

govt approves 10 stake sale in engineers india

India TV Business Desk Published : Jan 10, 2013 16:01 IST Updated : Jan 10, 2013 16:08 IST

New Delhi, Jan 10: The Cabinet Committee on Economic Affairs has given its nod for 10 per cent stake sale in Engineers India Ltd. The follow-on public offer will garner about Rs 800 crore.

The government currently holds 80.40 per cent in the company. So far, the Government has approved disinvestment in 11 companies.

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