Fund Raising
Patel Engg raises INR 3.99 bln via rights issue, allots 147.77 mln shrs
This story was originally published at 21:04 IST on 22 December 2025
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AHMEDABAD – The board of Patel Engineering Ltd. Monday approved the allotment of 147.77 million fully paid-up equity shares on a rights basis to eligible shareholders, the company said in a regulatory filing with the stock exchanges. Following this, the issued, subscribed, and paid-up equity share capital of Patel Engineering has increased to 992.14 million shares, from 844.38 million shares.
On Nov. 28, the company's board had approved raising up to INR 3.99 billion by issuing 147.77 million shares of face value INR 1 at INR 27 per share through a rights issue. These shares were to be offered to eligible shareholders in the ratio of seven equity shares for every 40 fully paid-up equity shares held. The issue opened Dec. 12 and closed Dec. 19.
For the September quarter, Patel Engineering had reported a consolidated net profit of INR 730.30 million on a revenue of INR 12.08 billion. Monday, shares of the company closed over 1% higher at INR 31.40 on the National Stock Exchange. End
Reported by Sunil Raghu
Edited by Rajeev Pai
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