Patel Engineering Limited enters into One Time Resolution plan with lenders


Pursuant to the framework issued by the Reserve Bank of India (RBI) vide its circular dated August 06, 2020 and September 7, 2020, the Company and its Consortium lenders have completed the execution of the necessary agreements, deeds, Security creation, undertakings and other relevant documents for implementation of the One Time Resolution (OTR) Plan on May 31, 2021.

Covid Relief availed by the Company from the Consortium of Lenders in the form of One Time Restructuring (OTR) pursuant to the framework issued by the Reserve Bank of India (RBI) as per Circular dt. August 6, 2020.

Shares of PATEL ENGINEERING LTD. was last trading in BSE at Rs.14.7 as compared to the previous close of Rs. 15.09. The total number of shares traded during the day was 160813 in over 483 trades.

The stock hit an intraday high of Rs. 15.4 and intraday low of 14.55. The net turnover during the day was Rs. 2389297.





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