At meeting held on 18 February 2021
The Board of Engineers India (EIL) at its meeting held on 18 February 2021 has approved submission of a bid by EIL (minority stake), in consortium with Oil India (OIL) (i.e., the lead member) (and if successful), entering into a Share Purchase Agreement (SPA) for the proposed acquisition along with OIL (which will also be a party to the SPA) of collectively up to 61.65% of the share capital of Numaligarh Refinery (a company primarily engaged in the business of refining of petroleum products) from Bharat Petroleum Corporation.Powered by Capital Market - Live News
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