Approval for sale of company`s entire stake in ACP Tollways Pvt Ltd

Strategic Transactions View source PDF Explain this filing

PATELENG · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹26.84

prior close

₹26.94

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-1.8% vs market

Civil Construction peers, median of 98sector-1.3%-0.9% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 0.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-2.2

15m

-2.5

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-0.4-1.8-1.3-0.9

Next day

-4.3-1.7-2.6-2.8-1.4

-3.7-1.3-2.4-2.8-0.9

-4.0-0.7-3.3-3.0-1.0

-3.5+0.4-3.9-2.6-0.9

-3.1+0.5-3.5-2.2-0.8

+3.3+2.8+0.5-0.5+3.8

15d

-2.0+1.2-3.2-4.7+2.6

+3.2+5.3-2.1-2.0+5.2

+15.5+9.9+5.6-3.7+19.2

+6.1+13.1-7.0-5.9+12.1

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Patel Engineering's board has approved the sale of its entire stake (84,95,040 equity shares) in associate company ACP Tollways Pvt Ltd. The transaction is valued at Rs. 55 crore, which is significantly higher than the carrying value of Rs. 26.03 crore in the company's books. The associate contributed Rs. 18.84 crore to consolidated profits (7.78%) but had nil turnover. The sale is pending lender approvals of the associate company and is expected to complete by March 31, 2027. The buyer is not related to the promoter group.

Likely market impact

The divestment will result in a book gain of approximately Rs. 29 crore and reduce profit contribution by 7.78%, but provides cash infusion that could strengthen the balance sheet or fund operations.