Govt extends EIL FPO by 2 days due to bank strike

THE ECONOMIC TIMES Wed, Feb 12, 2014 | 10:03 AM IST IPO Newsletter

Govt extends EIL FPO by 2 days due to bank strike Govt extends EIL FPO by 2 days due to bank strike Government is selling over 3.36 cr shares or 10% of its stake in EIL through a FPO and the price band is Rs 145-150 apiece. EIL FPO opens on bourses; shares up 2% EIL FPO opens on bourses; shares up 2% The follow-on-public offer (FPO) for 10 per cent stake sale in Engineers India (EIL), which is expected to garner Rs 500 crore to the exchequer. Why investors should subscribe to EIL OFS Why investors should subscribe to EIL OFS For the year 2014 so far, the stock of Engineers India has plunged a little over 10%, thus making valuation a little more compelling. SKS Microfin to raise Rs 400 cr through QIP SKS Microfin to raise Rs 400 cr through QIP SKS Microfinance Limited is planning to raise Rs 400 crore through QIP route in the next fiscal by diluting a maximum of 20 per cent stake. Engineers India FPO to hit market on Feb 6 Engineers India FPO to hit market on Feb 6 The government will sell 10 per cent stake in Engineers India Ltd (EIL) through FPO route, that is expected to fetch Rs 500 crore.

Company Name Issue Size Status Date of Relevance Volume   Engineers India Ltd. 1742667150.00 Open 06/02/2014 to 12/02/2014 145-150 Power Grid Corporation of India Ltd. 24697679220.00 Close 03/12/2013 to 06/12/2013 90.00

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