Engineers India $270 mn share sale in June

State-run Engineers India Ltd is likely to launch its Rs 1,200 crore ($270 million) follow-on public offer in June, a government official said on Tuesday. Share sale in state-run refiner Indian Oil Corp will take place in this fiscal year that ends in March, Sidhartha Pradhan, a joint secretary in the divestment ministry, which is in charge of stake sales, told reporters