Acquire Up to 90% Stake in UAE-Based Avenir - SEPC Ltd

Code BSE: 532945 NSE:

SEPC Makes a Big Global Move; To Acquire Up to 90% Stake in UAE-Based Avenir A key highlight of the Board's approval is the proposed acquisition of up to 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, through a share swap transaction. The acquisition will be undertaken by way of a preferential allotment of 153 crore equity shares of SEPC at an issue price of Rs 10 per share, aggregating to Rs 1,530 crore, to the shareholders of Avenir. The transaction will be completed without any cash outflow and is expected to conclude by December 2026.