Patel Engineering offloads remaining 9.99% equity stake in Welspun Michigan Engineers

Patel Engineering sold its remaining 9.99% stake in Welspun Michigan Engineers Ltd for Rs 100 crore. The sale proceeds will enhance Patel Engineering's cash flow and support its strategic priorities. This move aims to strengthen the company's financial position and foster sustainable growth by investing in key areas, improving efficiency, and expanding market presence.
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