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MoneyWorks4Me

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 4039.35
Kalpataru Projects 1380.00
NCC 123.05
Rail Vikas Nigam 193.85
KEC International 332.10
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