SEPC to acquire up to 90% stake in UAE's Avenir for ₹1,530 Cr

SEPC Limited announced a strategic move to acquire up to 90% equity stake in UAE-based Avenir International Engineers and Consultants LLC through a preferential allotment of 153 crore equity shares at ₹10 per share, aggregating to ₹1,530 crore. This transaction, expected to be completed by December 2026 without cash outflow, aims to bolster SEPC's capital base, enhance financial flexibility, and expand its international engineering presence, particularly in the oil & gas sector in the Middle East. The company also plans to increase its authorized share capital and borrowing limits to support future growth. Avenir, established in 2011, serves the oil & gas and civil infrastructure sectors in the UAE and reported a turnover of AED 75.01 million in 2025.