SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government trims stake in Engineers India to 54.17%

17 Aug 2017 Evaluate

The government has reduced its stake in Engineers India (EIL) to 54.17 per cent by selling some shares under the company’s buyback programme. It had 57.02 per cent in EIL prior the launch of the Rs 658.80-crore share buyback on July 25. The 4.19 crore share buyback plan at Rs 157 a piece closed on August 7.

EIL has bought 4.19 crore equity shares and extinguished them. This has resulted in its equity base shrinking to 63.19 crore shares from 67.38 crore shares previously.

The promoter holding came down from 38.42 crore shares (57.02 per cent of total) to 34.22 crore shares (54.17 per cent). Moreover, the holding of public and other institutional investors has risen from near 43 per cent to 45.83 per cent.

Engineers India is a total solutions consultancy company and EPC contractor in petroleum refining, petrochemicals, pipelines, oil and gas terminals and storages, fertilizers, mining & metallurgy and infrastructure projects.

Engineers India Share Price

241.55 13.05 (5.71%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×