<h1>Patel Integrated Logistics Increases Buyback Price, Reduces Shares in Equity Tender Offer</h1>
Patel Integrated Logistics Limited has updated the details of its ongoing buyback of equity shares, revising both the purchase price and the maximum number of shares slated for repurchase. The changes follow a review by the company’s Buyback Committee, which approved the amendments on June 27, 2026.
The original plan, communicated previously, involved the company buying back up to 60 lakh fully paid-up equity shares at a price of ₹18 per Equity Share, for a maximum aggregate value not exceeding ₹10,80,00,000.
In light of the review, the Buyback Committee approved two key modifications to the scheme:
- Price Increase: The buyback price has been increased from ₹18 per Equity Share to ₹20 per Equity Share.
- Quantity Reduction: The maximum number of Equity Shares proposed for the buyback has been reduced from 60,00,000 shares to 54,00,000 shares.
The reduction in the target quantity means that the 54,00,000 shares represent up to 7.76% of the total paid-up Equity Share Capital of the Company.
The buyback process continues through the tender offer route and is structured as a cash transaction. The company’s equity shares have a face value of ₹10/- (Rupees Ten only).
Key details regarding the Buyback proposal are summarized below:
| Parameter | Original Plan (Public Announcement) | Amended Plan (June 27, 2026) |
|---|---|---|
| Buyback Price | ₹18 per Equity Share | ₹20 per Equity Share |
| Maximum Shares | 60,00,000 shares | 54,00,000 shares |
PATINTLOG Stock Price Movement
On Thursday, Patel Integrated Logistics Limited saw its stock edges higher to close at ₹15.96, buoyed by a 5.00% gain over the previous close. The shares settled on the day with a traded volume of 275,380.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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