Patel Engineering Sells 32% Stake in ACP Tollways for ₹55 Crore
Patel Engineering Limited sold 32% stake in ACP Tollways Private Limited for ₹55 crore. The transaction completed on August 28, 2026. ACP Tollways' net worth was ₹26.02 crore as of March 31, 2026.
The sale involves an associate company whose contribution to the consolidated net worth (0.59%) and net profit (-4.32%) is relatively small, indicating a limited impact on the overall financial health of Patel Engineering Limited.
The sale of an associate company stake is a corporate action that does not inherently signal significant positive or negative financial performance, hence the neutral sentiment.
Patel Engineering Limited has successfully divested 32% of its equity share capital in its associate company, ACP Tollways Private Limited. The transaction involved the transfer of 84,95,040 equity shares of face value ₹100 each to APCO Infratech Private Limited and other individual buyers.
The sale agreement was entered into on August 27, 2026, with the completion date set for August 28, 2026. The total consideration received from this disposal amounts to ₹55 crore.
As of March 31, 2026, ACP Tollways had a net worth of ₹26.02 crore, which represented 0.59% of Patel Engineering's consolidated net worth. The associate company reported a loss of ₹12.73 crore as of the same date, accounting for -4.32% of Patel Engineering's consolidated net profit. The carrying value of this investment in Patel Engineering's consolidated financials was ₹26.02 crore.
APCO Infratech Private Limited, the primary buyer, is a Lucknow-based private company engaged in infrastructure development, road construction, and tollway operations. The announcement clarifies that none of the buyers belong to the promoter, promoter group, or group companies of Patel Engineering, and the transaction is not considered a related party transaction.
A plain-language summary of a public exchange filing by Patel Engineering Limited. Read the original for the full detail.