Patel Engineering Limited (BSE:531120) agreed to acquire 5.1% stake in Shail Tunnelling and Infra Private Limited for INR 0.05 million on May 18, 2024. The consideration consists of INR 0.051 million in cash. Patel Engineering Limited will acquire 0.0051 million shares of Shail Tunnelling and Infra Private Limited.

The transaction has been approved by the Board of Directors of Shail Tunnelling and Infra Private Limited. The deal is expected to complete on or before June 30, 2024.