Patel Integrated Logistics Increases Buyback Price to ₹20, Reduces Share Count

Patel Integrated Logistics Ltd has issued an addendum to its public announcement regarding the buyback of equity shares. The company has revised the terms of its buyback program. The buyback price per equity share has been increased from ₹18 to ₹20. Concurrently, the maximum number of equity shares to be bought back has been reduced from 60,00,000 to 54,00,000 shares. This revised buyback represents up to 7.76% of the company's existing total paid-up equity share capital. The buyback will be conducted on a proportionate basis through the tender offer route, in compliance with SEBI regulations.