Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

EIL stake sale fetches Rs 637 cr

Updated At : 06:30 AM Jan 30, 2016 IST

Tribune News Service

New Delhi, January 29

The government today raised Rs 637 crore through 10% stake sale in Engineers India Limited (EIL) with its offer for sale getting subscribed by 2.54 times.

The offer for sale of over 3.36 crore shares drew response from both institutional and retail investors, generating demand for over 8.56 crore shares. At the floor price of Rs 189 a share, the sale of over 3.36 crore shares would fetch around Rs 637 crore to the government, considering 5% discount being offered to retail shareholders.

Live Matches

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

EIL stake sale fetches Rs 637 cr

Unlock Exclusive Insights with The Tribune Premium

Live Matches