Govt raises ₹637 cr via sale of 10% stake in EIL
The government on Friday raised ₹637 crore through a 10% stake sale in engineering and construction consultancy company Engineers India Limited (EIL), with the offer for sale getting subscribed 2.54 times. The stake sale is a part of the government’s push to meet its 2015-16 disinvestment target of ₹69,500 crore, of which it has raised ₹12,700 crore so far.