hares of Patel Engineering have rallied about 20 per cent in the last one month, whereas the stock is up by 45 per cent in the last one year. On July 28, Patel Engineering's board approved the issuance of up to 1,57,72,870 equity shares at a price of Rs 25.36 per equity share on a preferential basis to raise Rs 40 crore, subject to the approval of the shareholders.
