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Board of Patel Engineering approves allotment of 22.33 crore rights equity shares

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Capital Market

At meeting held on 18 October 2019

The Board of Patel Engineering at its meeting held on 18 October 2019 has approved allotment of 22,33,29,786 fully paid up Rights Equity Shares of face value of Re. 1/- each at a price of Rs. 9/- per Rights Equity Shares including a share premium of Rs. 8/- per Rights Equity Shares, aggregating Rs. 200.99 crore, to the eligible Equity Shareholders of the Company.

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First Published: Oct 18 2019 | 10:28 AM IST

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