Reuters reported that India is considering selling up to 15% of state run Engineers India Ltd.
The report quoted Mr Mukesh Rohatgi chairman of Engineers India as saying that a deal worth over USD 190 million at current market prices.
Mr Rohatgi said the government was considering the sale, but could not say when the actual process would happen.
He said that "There has been some talk on it, that the government has some plans.”
He added that "10% to 15% percent is what everybody is talking about."
(Sourced http://www.steelguru.com/news/index/2009/09/29/MTEzNjkz/Government_considering_15pct_sale_in_Engineers_India.html)
Monday, September 28, 2009
Government considering 15pct sale in Engineers India
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