StockWatch
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Civil Construction
Shareholding29 May 2026, 04:24 pm

Ryan Rupen Patel acquires 40,800 shares via transmission

AI Summary

Ryan Rupen Patel, a member of the promoter group of Patel Engineering Ltd., acquired 40,800 equity shares of the company. This acquisition occurred through the transmission of shares previously held by Mr. Pravin Patel, a relative of the promoters, who passed away on July 1, 2025. The transmission to Mr. Ryan Patel, as the nominee, was completed on May 25, 2026. This transaction is exempt from an open offer under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this acquisition, Ryan Patel's total shareholding in Patel Engineering increased from 2,39,900 shares (0.02%) to 2,80,700 shares (0.02%). The acquired shares represent 0.004% of the company's total share capital.

Key Highlights

  • Ryan Rupen Patel acquired 40,800 shares of Patel Engineering.
  • Shares were transmitted from deceased promoter group relative, Pravin Patel.
  • Transaction is exempt under SEBI Takeover Regulations 10(1)(g).
  • Ryan Patel's holding increased to 2,80,700 shares (0.02%).
  • The acquisition represents 0.004% of total share capital.