Acquisitions8 Jul 2026, 08:47 am
SEPC to acquire up to 90% stake in UAE's Avenir for ₹1,530 Cr
AI Summary
SEPC Limited announced a significant global expansion by proposing to acquire up to 90% equity stake in UAE-based Avenir International Engineers and Consultants LLC. The acquisition will be executed through a preferential allotment of 153 crore equity shares of SEPC at ₹10 per share, totaling ₹1,530 crore. This transaction, expected to conclude by December 2026, involves no cash outflow and aims to bolster SEPC's capabilities in the oil & gas sector and enhance its Middle East presence. The company also plans to increase its authorized share capital and borrowing limits to support future growth.
Key Highlights
- SEPC proposes to acquire up to 90% of UAE's Avenir via share swap.
- Acquisition valued at ₹1,530 crore through preferential allotment.
- Strengthens SEPC's oil & gas capabilities and Middle East presence.
- Aims to increase authorized share capital and borrowing limits.
- Transaction expected to conclude by December 2026 without cash outflow.
Price Impact
More from SEPC