Comments
Engineers India will be in focus this week, as the Government has decided to dilute its 10 per cent stake in the company at ₹145-150 a share. The follow-on public offer will hit the market on Thursday and remain open for the next three days. The company has offered a discount of ₹6 a share on the issue price to retail investors and its employees. The Government plans to raise about ₹500 crore through the stake sale. In 2010, the Government had divested 10 per cent stake in the company through an FPO at ₹290 a share.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.