<h1>Engineers India Limited's Offer for Sale Oversubscribed by 2.54 Times, Government Stake Drops to 59.37.</h1> Engineers India Limited's (EIL) Offer for Sale (OFS) was oversubscribed by 2.54 times, marking a strong start to the last quarter's disinvestment of the fiscal year 2015-16. The sale involved 10% of the company's paid-up capital, with 20% reserved for retail investors who received a 5% discount. The Government of India's stake in EIL will decrease to 59.37% following this sale. The total subscription reached Rs. 1641.52 crores, with retail investor participation at 3.92 times and non-retail at 2.20 times. The indicative price exceeded the floor price, reflecting high investor interest.