State-owned engineering consultancy firm EIL said Thursday it will bid to acquire government's 100 per cent stake in Projects and Development India Ltd (PDIL).
It, however, did not give details saying they were confidential.
In a regulatory filing, Engineers India Ltd (EIL) said its board of directors in a meeting Thursday "considered the proposal for acquisition of 100 per cent paid-up share capital of PDIL from President of India."
The Board gave "the approval of bidding for the same by way of Share Acquisition Route," it said. "Other details cannot be disclosed due to confidentiality of the matter."
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