Patel Engineering Limited Board Approves Sale of Entire Stake in ACP Tollways Pvt Ltd
Patel Engineering Limited announced that its Board of Directors approved the proposal for the sale of its entire stake in ACP Tollways Pvt Ltd, an associate company. The resolution regarding this disposal was passed on May 14, 2025.The transaction involves the sale of 84,95,040 equity shares of face value Rs. 100. The sale remains subject to the receipt of necessary approvals from the lenders of the associate company. The company indicated that further details regarding the transaction will be disclosed upon the completion of the requisite approval process.
The proposed sale is expected to be completed before the end of March 31, 2027. The agreed consideration to be received from the sale is Rs 55 crore. Details confirm that the proposed buyer does not belong to the promoter, promoter group, or group companies, and the transaction is classified as not a related party transaction.
Transaction and Financial Overview
Key details regarding the disposal of the stake in the associate company are summarized below.| Detail | Description | Value |
|---|---|---|
| Associate Company | ACP Tollways Pvt Ltd | N/A |
| Total Shares Sold | Equity shares of face value Rs. 100 | 84,95,040 |
| Agreement Status | Agreement will be entered post approval of lenders | N/A |
| Expected Completion Date | Before end of March 31, 2027 | N/A |
| Agreed Consideration | Consideration to be received | Rs 55 crore |
| Buyer Classification | Does not belong to promoter/promoter group/group companies | Not related party |
| Operating Contribution (LFY) | Turnover - nil | N/A |
| Net Worth Contribution (as of Mar 31, 2025) | Rs 38.76 crore (1.02% of consolidated net worth) | N/A |
| Profit Contribution (as of Mar 31, 2025) | Rs 18.84 crore (7.78% of consolidated net profit) | N/A |
| Carrying Value of Investment (as of Mar 31, 2026) | N/A | Rs 26.03 crore |
PATELENG Stock Price Movement
Patel Engineering Limited shares today slipped by 1.58% to settle at ₹26.7. The equity saw considerable activity, trading through a high volume of 5.88 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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