StockWatch
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Civil Construction
Divestment28 Aug 2026, 07:00 pm

Patel Engineering Divests 32% Stake in ACP Tollways for ₹55 Crore

AI Summary

Patel Engineering Ltd has successfully completed the disinvestment of 32% of its shares in its associate company, ACP Tollways Private Limited, for a consideration of ₹55 Crore. The transaction involved the transfer of 84,95,040 equity shares to APCO Infratech Private Limited and other individual buyers. ACP Tollways contributed Rs. 26.02 crore (0.59% of consolidated net worth) as net worth as of March 31, 2026, and incurred a loss of Rs. 12.73 crore (-4.32% of consolidated net profit) in the same period. The sale is not a related party transaction and does not fall within a scheme of arrangement.

Key Highlights

  • Patel Engineering divested 32% stake in ACP Tollways.
  • Sale consideration amounts to ₹55 Crore.
  • ACP Tollways' net worth was ₹26.02 crore as of March 31, 2026.
  • The transaction is not a related party transaction.
  • The sale was completed on August 28, 2026.