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EIL bids to buy out government stake in PDIL

EIL bids to buy out government stake in PDIL
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Engineers India (EIL) plans to bid in order to acquire the governmentÂ’s 100 per cent stake in Projects and Development India (PDIL). EIL stated that its board of directors in a meeting considered the proposal for acquisition of 100 per cent paid-up share capital of PDIL from the President of India. By the way of Share Acquisition Route, the board gave the approval of the bidding for the same.

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