Empower India to acquire Valiance Engineers via share swap

Empower India Limited has signed a non-binding term sheet with Mark AB Capital Private Limited to acquire 100% of Valiance Engineers Private Limited. The acquisition will be structured as a non-cash share swap through a preferential issue of Empower India's shares, making Valiance Engineers a wholly owned subsidiary. Mark AB Capital, the current majority shareholder of Valiance, will become a principal shareholder of Empower India post-transaction. This move aims to integrate Valiance's global EPC and engineering capabilities, including its US subsidiary Lauren Engineers & Constructors, with Empower India's digital infrastructure platform. The transaction is subject to due diligence, valuation, definitive agreements, and regulatory approvals. This all-equity structure is intended to preserve Empower India's balance sheet.