Patel Engineering announces ₹3,990 million rights issue
after close1 source ↓written by the desknot a recommendation
- by issuing
- ₹3,989.68 million
- by issuing
- 14,77,65,820 shares
- ₹27 each
- and closes
- 12 Dec 2025
- and closes
- 19 Dec 2025
Patel Engineering Limited has announced a rights issue to raise ₹3,989.68 million by issuing 14,77,65,820 shares at ₹27 each. The issue opens on 12 Dec 2025 and closes on 19 Dec 2025. This strategic move aims to enhance financial strength and support future growth plans.
The company reported total assets of ₹9,579.50 cr, a 6.5% increase YoY, with shareholders’ capital growing 20% to ₹3,784.70 cr. This rights issue reflects the company's positive financial momentum and commitment to expansion.
Not investment advice. For informational purposes only.