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SEPC to Acquire Up to 90% Stake in UAE-Based Avenir Through Rs 1,530 Crore Preferential Share Allotment
Chennai (Tamil Nadu) [India], July 8: SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC company with proven expertise in industrial infrastructure, process plants, water and wastewater management, has announced a series of strategic proposals approved by its Board of Directors, subject to the requisite shareholders’ and regulatory approvals. The approved proposals are aimed at strengthening the [...]
Chennai (Tamil Nadu) [India], July 8:SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC company with proven expertise in industrial infrastructure, process plants, water and wastewater management, has announced a series of strategic proposals approved by its Board of Directors, subject to the requisite shareholders’ and regulatory approvals. The approved proposals are aimed at strengthening the Company’s capital base, enhancing financial flexibility, and expanding its international engineering presence.
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 ₹10 per share, aggregating to ₹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.
Established in 2011, Avenir International Engineers and Consultants LLC is an engineering and design company serving the oil & gas and other civil infrastructure sectors in the UAE. The company possesses established qualifications with ADNOC and reported a turnover of approximately AED 75.01 million during 2025. The proposed acquisition is expected to strengthen SEPC’s capabilities in the oil & gas sector and significantly enhance its presence across the Middle East.
