Bluspring Enterprises Ltd Subsidiary to Acquire 100% Share Capital of STEAG Energy Services (India) Private Limited for INR 180,00,00,000

Bluspring Enterprises Limited's wholly owned subsidiary, Bluspring New Horizon One Private Limited, has executed a Share Purchase Agreement with STEAG Energy GmbH and STEAG Energy Services (India) Private Limited for the acquisition of 100% of the paid-up share capital of SESI on a fully diluted basis. The transaction is not a related party transaction and is expected to be margin and EPS accretive, enhancing the return on equity profile. The acquisition is subject to approval from the Competition and Consumer Authority of Botswana and is expected to be completed within 120 days. SESI is a leading provider of operations and maintenance (O&M), digital solutions, and end-to-end engineering & management advisory services to the conventional and renewable power/ energy industry across India, Botswana, Middle East and other overseas markets.