Monday, February 10, 2014

EIL closing date extended to Feb 12th

Engineers India Ltd(EIL) FPO closing date extended to Feb 12th due to public sector banks strike. The Offer of Engineers India FPO was initially scheduled to close on February 10, 2014. However, the public sector banks have proposed a strike on February 10, 2014 and February 11, 2014, owing to which Bidders in the Offer will not be able to submit Bids through the public sector banks on February 10, 2014. Therefore, the Selling Shareholder and the Company, in consultation with the Book Running Lead Managers, have decided to extend the Offer Period till February 12, 2014 and the Offer Closing Date shall now be February 12, 2014.

Visit Engineers India Ltd (EIL) FPO page for more detail.