Empower India signs term sheet for MABIL acquisition in UAE

Empower India Ltd (EIL) has signed a term sheet for the strategic cross-border acquisition of a majority stake in UAE-based MABIL. The transaction is structured as an all-equity share swap arrangement, aiming to align the long-term interests of both entities. This acquisition is intended to provide EIL with strategic market access in the Middle East, leveraging the UAE's position as a global commercial hub to enhance geographic presence and strengthen international business connectivity. The deal is currently in its preliminary stages, contingent upon detailed due diligence, negotiation and execution of definitive agreements, and receipt of all necessary regulatory approvals. Specific financial details, such as the share swap ratio, will be disclosed as the transaction progresses.