The allotment committee of Patel Engineering Ltd, at its meeting held on October 18, 2019, has approved, amongst others, the 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. 2009.97 million, to the Eligible Equity Shareholders of the Company and in pursuance of the Basis of Allotment approved by BSE Limited, the designated Stock Exchange.
Shares of PATEL ENGINEERING LTD. was last trading in BSE at Rs.9.55 as compared to the previous close of Rs. 9.59. The total number of shares traded during the day was 11236 in over 58 trades.
The stock hit an intraday high of Rs. 9.75 and intraday low of 9.51. The net turnover during the day was Rs. 107822.