Patel Engineering Ltd allots 1,37,77,470 Equity shares

The allotment Committee of Patel Engineering Ltd has approved the allotment of 1,37,77,470 Equity shares of face value Re. 1 each at a price of Rs. 14.78 per share aggregating to Rs. 20,36,31,006.60 (i.e. price for conversion of debt into equity) to Canara Bank.

Shares of PATEL ENGINEERING LTD. was last trading in BSE at Rs.18.9 as compared to the previous close of Rs. 19.3. The total number of shares traded during the day was 141491 in over 426 trades.

The stock hit an intraday high of Rs. 19.4 and intraday low of 18.8. The net turnover during the day was Rs. 2691864.

Source : Equity Bulls

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