Patel Integrated Logistics announced a tender offer buyback of up to 54 lakh shares, totaling ₹10.80 Cr, at ₹20 per share.

The offer opens on July 6 and closes on July 10. Promoters intend to participate.

This buyback aims to reduce the outstanding equity by 7.76%, enhancing shareholder value by improving earnings per share and return on equity.

It reflects a strategic move to return surplus funds to investors and optimize capital structure.