The transaction is likely to be completed on or before June 30.
Patel Engineering Shares:
Shares of Patel Engineering Ltd. surged over 12% to their highest level in three weeks on Tuesday after it announced it would acquire stakes in Shail Tunnelling and Infra Pvt.
The company plans to buy 10% stakes in the tunnel boring supplier startup that provides consultancy services in design and engineering, including providing equipment for tunnels and other infrastructure projects, according to an exchange filing. The transaction is likely to be completed on or before June 30.
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