New Delhi, November 13, 2020: The Board of Engineers India Limited (EIL) in its meeting on November 12, 2020 has approved the proposal to buyback of around 7 crore equity shares, representing about 11.06% of the fully paid-up equity shares of the Company.

EIL will buy back the shares at a price of `84/- per equity share for an aggregate consideration not exceeding ` 586.90 Crore.