Engineers India Offers Equity To Its Employees As Part Of Disinvestment

New Delhi: As part of the disinvestment process, state-owned Engineers India Ltd (EIL) will sell part of the government stake to its eligible employees at a discounted price of Rs 187.29 per unit, a move that will fetch about Rs 31.5 crore to the exchequer. As per the Cabinet approval, the company has offered 16.8 lakh share of Rs 5 each for subscription, EIL said in a regulatory filing on Friday. "Action has been initiated by the ...