Mumbai: Patel Engineering Limited (PEL), a leading infrastructure development company, announced the successful completion of the sale of its 32% equity stake in ACP Tollways Private Limited (ACP) for a consideration of ₹55 crore.
PEL has transferred 84,95,040 equity shares of ACP, representing 32% of the company’s issued and paid-up equity share capital, to APCO Infratech Private Limited and other purchasers, in accordance with the terms and conditions of the Share Purchase Agreement. The agreement for the transaction was entered into on August 27, 2026, and the transfer was completed on August 28, 2026.
ACP Tollways was an associate company of Patel Engineering. The transaction was undertaken with APCO Infratech Private Limited, based in Gomti Nagar, Lucknow, along with other individual purchasers. APCO Infratech is primarily engaged in infrastructure development, road construction and tollway operations. None of the purchasers belong to Patel Engineering’s promoter or promoter group, and the transaction is not a related-party transaction.
The completion of the transaction marks the successful conclusion of the stake sale, with Patel Engineering receiving ₹55 crore as consideration for the shares transferred.
About Patel Engineering Limited
Patel Engineering Limited (PEL) is an infrastructure construction and development company with extensive experience in executing complex infrastructure projects. The company has capabilities across hydropower, tunnels, dams, irrigation, roads and other civil infrastructure projects.
