Patel Integrated Logistics Ltd. Raises Buyback Price to ₹20 per Share, Reduces Offer Size
Patel Integrated Logistics Limited has announced significant revisions to its tender offer for the buyback of equity shares. Following a Board Committee meeting, the company increased the buyback price and simultaneously reduced the maximum number of shares targeted for repurchase, maintaining the initial aggregate consideration size.The Company had initially approved a plan to acquire up to 60 lakh fully paid-up equity shares, each with a face value of ₹10, at a tender offer price of ₹18 per share. This was planned for an aggregate consideration not exceeding ₹10 crore eighty lakhs.
In the latest revision, effective after a resolution passed by a committee of the Board on June 27, 2026, Patel Integrated Logistics Ltd. increased the buyback price from ₹18 to ₹20 per Equity Share. Consequently, the maximum number of shares proposed for buyback was reduced from 60 lakh to 54 lakh.
Despite the reduction in the volume of shares being bought back, the aggregate Buyback Size remains unchanged at ₹10,80,00,000/- (Rupees Ten Crore Eighty Lakhs only). The revised offer proposes the repurchase of up to 54,00,000 equity shares, which represents up to 7.76% of the total paid-up equity share capital in the Company.
The key financial details of the amended buyback proposal are summarized below:
| Parameter | Original Plan (June 23, 2026) | Amended Plan (June 27, 2026) |
|---|---|---|
| Maximum Shares Proposed | 60,00,000 Equity Shares | 54,00,000 Equity Shares |
| Buyback Price per Share | ₹18/- (Rupees Eighteen only) | ₹20/- (Rupees Twenty only) |
| Aggregate Buyback Size | Not exceeding ₹10,80,00,000/- | Not exceeding ₹10,80,00,000/- |
| Face Value per Share | ₹10/- (Rupees Ten only) | ₹10/- (Rupees Ten only) |
The Company confirmed that the amended proposal is fully aligned with the initial intention of the Board to execute the buyback and ensures the purchase remains proportionate. The details have been made public in various newspapers, including Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadeep (Marathi).
PATINTLOG Stock Price Movement
Patel Integrated Logistics Limited gained today, closing at ₹16.18 after settling up 1.82%. The stock saw solid activity in post-market trading, with 656,010 shares changing hands during the session.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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