Acquisitions3 Jul 2025, 07:41 pm
Hazoor Multi Projects Ltd Submits Binding Offer for Srei Equipment Finance's Liabilities and Rigs Leased to Quippo Oil & Gas Infrastructure Ltd
AI Summary
Hazoor Multi Projects Limited (HMPL), in a joint venture with Last Mile Sports LLP, has submitted a binding offer to Srei Equipment Finance Ltd (SEFL) for the settlement of liabilities and investments of Quippo Oil & Gas Infrastructure Ltd (Quippo) and the acquisition of rigs currently leased to Quippo. This move aligns with HMPL's shipyard operations and strengthens its presence in the oil & gas sector.
Key Highlights
- Hazoor Multi Projects Ltd and Last Mile Sports LLP submit a binding offer to Srei Equipment Finance Ltd for Quippo Oil & Gas Infrastructure Ltd's liabilities and rigs
- The acquisition aligns with HMPL's shipyard operations in the oil & gas sector
- This move strengthens HMPL's presence in the oil & gas sector
- The offer is in line with regulation 30 of SEBI( Listing Obligations and Disclsoure Requirements) Regulations, 2015
- HMPL will keep the Stock Exchange informed of further developments