Intimation under regulation 30 of SEBI( Listing Obligations and Disclsoure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Hazoor Multi Projects Ltd (HMPL), jointly with partner Last Mile Sports LLP in a 51:49 ratio, has submitted a binding offer dated July 2, 2025 to Srei Equipment Finance Ltd (SEFL). The offer relates to the proposed settlement of liabilities and investments of Quippo Oil & Gas Infrastructure Ltd and the acquisition of rigs currently leased to Quippo. The move is aimed at strengthening HMPL's presence in the oil & gas sector and complements its existing shipyard operations. Quippo is being treated as the 'Target Company' in the deal, while SEFL is the lender. The company has stated that further updates will be shared with the stock exchange as the transaction progresses.
Potentially positive for shareholders as it signals expansion into the oil & gas infrastructure space, but the deal is only at the binding-offer stage and not yet concluded, so execution risk remains. Stock price reaction will depend on whether SEFL accepts the offer and the deal eventually closes.