Board of Patel Engineering approves conversion of debt and rights issue

At meeting held on 05 October 2017

The Board of Patel Engineering has approved the following -

Offer and issue Optionally Convertible Debentures upto Rs 1240 crore on preferential basis / private placement to the Lenders of the Company by conversion of debt under Scheme of S4A.

Raising up to Rs 300 crore by way of Rights Issue of equity shares with or without warrants.

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