Engineers India Limited FPO
Designers India Limited which is owned by the point out government plans to increase funds in the stock market by a follow on public offer. It really is planning to sell 12 percent of the fairness in the stock market. FPO
Once engineers India limited will submit their medical data for the year 2009- 2010, then they might go for the follow on public offer. The FPO is expected in July 2010.
The state government is intending to raise Rs you, 000 crore by providing 10% of the collateral in Engineers India Partial. The president of India will act through the ministry of oil and gas to raise this Follow on Public offer. It really is expected that EIL will also give a special dividend to the existing share holders. The government which is the maximum shareholder of the organization will be getting the maximum dividend.
The Business lead Managers in this Issue are:
HSBC Securities and Capital Markets
IDFC Capital Marketplaces
SBI Capital Markets
EIL is an Engineering, Procurement and building consultancy company which provides design, EPC and task management services. Their jobs are based on petrol and gas and petrochemicals. They have big clients base in India as well as abroad. Their particular clients in India includes oil and gas leaders like Reliance Industries Partial, Essar Oil Limited, Native american Oil Corporation and Petrol and Gas Commission.
Following Step – When you make investments in this FPO?
You must analyze the rankings and research reports given by the brokerage properties for this Follow Upon Public Offer and take a decision whether to take a position or not. The research reports and ratings are available in the related websites.