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Engineers India spurts on CCEA approving 10% stake sale of the company

11 Jan 2013 Evaluate

Engineers India is currently trading at Rs 233.30, up by 4.40 points or 1.92% from its previous closing of Rs 228.90 on the BSE.

The scrip opened at Rs 231.60 and has touched a high and low of Rs 233.95 and Rs 228.70 respectively. So far 12427 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 288.50 on 07-Feb-2012 and a 52 week low of Rs 206.25 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 244.90 and Rs 225.00 respectively. The current market cap of the company is Rs 7712.48 crore.

The promoters holding in the company stood at 80.40% while Institutions and Non-Institutions held 12.81% and 6.79% respectively.

Cabinet Committee on Economic Affairs (CCEA) has approved the sale of 10 percent stake in the state-owned Engineers India (EIL), which may fetch the government around Rs 800 crore.

At present, the government holds 80.40 percent stake in the company, expect to raise about Rs 766 crore via follow-on public offer (FPO) or the recently introduced offer for sale through stock exchange or auction method.

Earlier, the government had offered over 40 percent discount for selling its 5.58 percent stake in Hindustan Copper, while it offered around 8 percent discount for offloading its 10 percent stake in NMDC.

Engineers India Share Price

243.50 1.95 (0.81%)
20-Apr-2026 14:22 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4040.00
Rail Vikas Nigam 297.60
NCC 160.85
KEC International 560.00
Kalpataru Projects 1242.90
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