Corporate News     28-Jul-22
Board of Patel Engineering approves preferential issue of shares and fund raising up Rs 500 cr
At meeting held on 28 July 2022
The Board of Patel Engineering at its meeting held on 28 July 2022 has approved issuance of up to 1,57,72,870 equity shares of the Company of face value Re. 1 each at a price of Rs. 25.36 per equity share on preferential basis for cash consideration of upto Rs. 40 crore, subject to approval of the shareholders and such other regulatory or statutory approvals as may be required.

The Board also approved an enabling resolution for raising of funds through issue of equity shares or other securities including through rights issue or qualified institutional placement or any other permissible mode or a combination thereof upto an amount of Rs. 500 crore, subject to approval of Shareholders/ Regulatory and/or Statutory Authorities as applicable.

Previous News
  Patel Engineering successfully bids projects worth Rs 1009.05 cr
 ( Corporate News - 14-Feb-23   09:20 )
  Patel Engg spurts on bagging LoA for Rs 1,275 cr project in MP
 ( Hot Pursuit - 05-Sep-23   14:19 )
  Board of Patel Engineering approves fund raising up to Rs 350 cr via rights issue
 ( Corporate News - 16-Dec-22   11:47 )
  Patel Engg emerges as L-1 bidder for new orders
 ( Hot Pursuit - 14-Feb-23   10:23 )
  Patel Engineering reports consolidated net profit of Rs 41.34 crore in the June 2022 quarter
 ( Results - Announcements 08-Aug-22   16:22 )
  Patel Engineering reports standalone net loss of Rs 62.48 crore in the March 2020 quarter
 ( Results - Announcements 26-Jun-20   19:28 )
  Patel Engineering schedules board meeting
 ( Corporate News - 01-Feb-22   19:27 )
  Board of Patel Engineering approves allotment of 22.33 crore rights equity shares
 ( Corporate News - 18-Oct-19   10:28 )
  Patel Engineering standalone net profit rises 570.42% in the June 2015 quarter
 ( Results - Announcements 15-Aug-15   09:38 )
  Patel Engineering to announce Quarterly Result
 ( Corporate News - 02-Feb-23   13:46 )
  Arvind Fashions Ltd leads gainers in 'A' group
 ( Hot Pursuit - 05-Oct-21   12:00 )
Other Stories
  Spright Agro schedules board meeting
  28-May-24   17:39
  Inox Wind to hold board meeting
  28-May-24   17:38
  Machino Plastics to convene board meeting
  28-May-24   17:37
  Board of Chamanlal Setia Exports recommends final dividend
  28-May-24   17:36
  Board of Pondy Oxides & Chemicals recommends final dividend
  28-May-24   17:36
  Emami Paper Mills to hold AGM
  28-May-24   17:36
  Board of Emami Paper Mills recommends final dividend
  28-May-24   17:36
  Board of EPL recommends final dividend
  28-May-24   17:35
  Board of Kingfa Science & Technology (India) recommends final dividend
  28-May-24   17:35
  Board of Wires & Fabriks (S.A) recommends final dividend
  28-May-24   17:35
Back Top