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As on : 28-Aug-2026
Corporate News
28-Aug-2026     19:57

Patel Engineering divested a 32% stake in ACP Tollways for Rs 55 crore

Patel Engineering Limited announced the successful transfer of 84,95,040 equity shares, representing 32% of the issued and paid-up equity share capital, of its associate company ACP Tollways Private Limited to APCO Infratech Private Limited and Others for a consideration of Rs 55 crore, completing the disinvestment process initiated May 14, 2026. According to a regulatory filing, ACP’s turnover was nil, its net worth as of March 31, 2026, was Rs 26.02 crore, and its loss was Rs 12.73 crore, representing 0.59% and -4.32% respectively of Patel Engineering’s consolidated figures.

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