Diabytes
Engineers India Ltd News
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GAIL India, Container Corp and EIL have weightage of 11.25 percent, 5.08 percent and 2.28 percent, respectively in CPSE ETF.
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It had 57.02 percent in EIL prior the launch of the Rs 658.80 crore share buyback on July 25.
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.
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Government on Friday raised Rs 640 crore through 10 percent stake sale in Engineers India Ltd (EIL) with its offer for sale getting oversubscribed by an impressive 2.54 times.
About a dozen candidates, including top directors at gas utility GAIL India and Chairman of Oil India, are in the race to become the Managing Director and CEO of Petronet LNG, the nation's biggest liquid gas importer.
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