Engineers India share sale to raise up to $211 mln

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The government plans to raise as much as 9.9 billion rupees ($211 million) in a follow-on public offering of shares in state-run Engineers India Ltd.The price band for the sale has been fixed at 270-290 rupees per share, the company said in newspaper advertisements on Monday.The offering to sell about 34 million shares, resulting in 10 percent divestment of the government's holding, will be launched on Tuesday and ends on Friday.ICICI Securities, HSBC Securities, IDFC Capital and SBI Capital are the bookrunners for the issue.(Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)(For more business news on Reuters India click http://in.reuters.com)
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