Patel Engineering executes Share Purchase Agreement with India Grid Trust

01 Aug 2022 Evaluate

Patel Engineering has executed a Share Purchase Agreement dated July 30, 2022, with inter alia India Grid Trust (the purchaser), for sale of company’s entire shareholding in Raichur Sholapur Transmission Company (RSTCPL). RSTCPL is an associate of the company and the company holds 33.34% equity stake in RSTCPL.

The proposed sale of shares of RSTCPL to India Grid Trust is subject to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Share Purchase Agreement. 

Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projects, hydroelectric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.

Patel Engineering Share Price

19.20 0.00 (0.00%)
05-Dec-2022 11:15 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 2072.75
Rail Vikas Nigam 74.40
KEC International 421.00
NCC 80.20
Ircon International 62.75
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