Financing the Future: Patel Engineering Issues Debentures Worth ₹2 Billion

Patel Engineering Ltd., the leading infrastructure and civil engineering firm in India, has sanctioned issue of non-convertible debentures (NCDs) amounting to a maximum of ₹2 billion. The move is part of the company's overall strategy to rationalize its capital structure and enable ongoing project execution in hydroelectric, tunneling, and irrigation businesses.

 

The NCDs will be issued in one or more tranches, subject to market conditions and regulatory approvals. Patel Engineering has consistently maintained a 100% asset cover for its secured NCDs, supported by independent valuation reports, to ensure investor confidence and SEBI guidelines compliance.

 

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Sources: Infomerics, Acuité Ratings, BSE Corporate Filings, Investing.com, NSE India