Patel Engineering informs about disinvestment

Patel Engineering Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 531120 | NSE: PATELENG

25 May 2023 Evaluate

Patel Engineering has informed that as part of the strategy to monetize investments and non-core assets, the Company has executed a Share Purchase Agreement dated May 25, 2023, with Authum Investment and Infrastructure (the purchaser), to sell and transfer 41.01% of its equity stake from out of 51% in its subsidiary Michigan Engineers ('MEPL') and have also completed the transfer of such shares today.

The above information is a part of company’s filings submitted to BSE.

Peers

Company Name	CMP
Larsen & Toubro	3845.00
Kalpataru Projects	1397.60
NCC	133.45
Rail Vikas Nigam	207.00
KEC International	395.45
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.