Patel Engineering board allots over 2.39 crore equity shares on preferential basis

26 Jul 2022 , 03:16 PM

Patel Engineering Ltd has informed that the allotment Committee of the Company has approved the allotment of 2,39,61,525 Equity shares of face value Re1 each for cash at par.

Accordingly, the allotment is Preferential allotment of Equity shares where 2,39,61,525 Equity shares allotted to Patel Engineering Employee Welfare Trust under Patel Engineering Employees’ Stock Option Plan 2007 (ESOP Plan 2007).

On Tuesday, at around 3:15 PM, Patel Engineering Ltd is currently trading at Rs22.75 down by Rs0.5 or 2.15% from its previous closing of Rs23.25 on the BSE.