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EIL bids to buy out government stake in PDIL

EIL bids to buy out government stake in PDIL

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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