Patel Engineering to sell stake in ACP Tollways for Rs 55 crore

Business Desk — Thu, 14 May 2026 10:48:26 +0000

Patel Engineering has announced its decision to sell its entire stake in ACP Tollways Pvt Ltd, an associate company, for a consideration of ₹55 crore. The sale involves 84,95,040 equity shares, each with a face value of ₹100.

The transaction, approved by the Board of Directors on 14 May 2025, is contingent upon receiving necessary approvals from the lenders of ACP Tollways, to whom these shares are pledged. The company has stated that further details regarding the transaction will be disclosed once the approval process and requisite documentation are completed.

As per the financial details provided, ACP Tollways contributed a net worth of ₹38.76 crore as of 31 March 2025, which accounts for 1.02% of Patel Engineering‘s consolidated net worth. The profit from ACP Tollways stood at ₹18.84 crore, representing 7.78% of the consolidated net profit of Patel Engineering for the same period. The carrying value of the investment in ACP Tollways is recorded at ₹26.03 crore in the consolidated financials as of 31 March 2026.

The agreement for the sale will be formalised after obtaining the necessary approvals from the lenders. Patel Engineering anticipates the completion of the sale by the end of March 2027. The proposed buyer is not part of the promoter or promoter group of Patel Engineering, and the transaction does not qualify as a related party transaction.

This strategic move by Patel Engineering is part of its ongoing efforts to streamline its operations and focus on core business areas.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

ACP Tollways | Business Upturn

Patel Engineering to sell stake in ACP Tollways for Rs 55 crore