tiprankstipranks
Trending News
More News >

Patel Engineering Faces Legal Proceedings with CBI

Story Highlights
Patel Engineering Faces Legal Proceedings with CBI

Don’t Miss TipRanks’ Half-Year Sale

The latest update is out from Patel Engineering Limited ( (IN:PATELENG) ).

Patel Engineering Limited has disclosed that it is involved in a legal matter with the Central Bureau of Investigation (CBI), as the company and two of its officials have received summons related to a case under the Prevention of Corruption Act. Despite the ongoing litigation, the company has stated that there is no adverse order against them, and they have obtained interim bail. Patel Engineering maintains that the legal proceedings will not materially impact its operations, and it continues to function normally.

More about Patel Engineering Limited

Patel Engineering Limited operates in the engineering and construction industry, focusing on infrastructure development projects. The company is known for its expertise in executing complex civil engineering projects and has a significant presence in the Indian market.

YTD Price Performance: -23.09%

Average Trading Volume: 474,689

Current Market Cap: 33.83B INR

See more insights into PATELENG stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1