Patel Engineering Limited allots 14,77,65,820 equity shares on rights basis

Pursuant to the finalization of the basis of allotment of the Issue, in consultation with the designated stock exchange, National Stock Exchange of India Limited, the Allotment Committee of Board of Directors of Patel Engineering Limited, at its meeting held today, i.e., December 22, 2025, considered and approved the allotment of 14,77,65,820 Fully paid-up Equity Shares on Rights Basis to the eligible shareholders and/or renounce(s) in terms of the Letter of Offer dated November 28, 2025.

The company had come out with an issue of fully paid up equity shares of face value of ₹ 1 each of the Company ("Rights Equity Shares") for an amount not exceeding ₹5,000 million by way of a rights issue and the Allotment Committee of Board of Directors at its meeting held on November 28, 2025 approved issuance of 14,77,65,820 Rights Equity shares @ 27 per share (including a premium of ₹26 per share), aggregating to ₹3989.68 million including other terms of Rights Issue.

Consequent to the said allotment, issued, subscribed & paid-up equity capital of the Company has increased from 84,43,76,117 shares of ₹ 1 each aggregating to ₹ 84,43,76,117 to ₹ 99,21,41,937 shares of ₹ 1 each aggregating to ₹ 99,21,41,937.

Shares of Patel Engineering Limited was last trading in BSE at Rs. 31.44 as compared to the previous close of Rs. 31.17. The total number of shares traded during the day was 409188 in over 1214 trades.

The stock hit an intraday high of Rs. 32.23 and intraday low of 31.03. The net turnover during the day was Rs. 12940656.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 SharesAllotment RightsIssue