Semac Consultants Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/06/2025 ,inter alia, to consider and approve Approval for acquisition ....
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Semac Construction Ltd has informed the stock exchanges that its Board of Directors will meet on 26th June 2025. The main agenda item is to consider and approve the acquisition of 50% of the equity share capital of Semac Construction Technologies India Private Limited from its existing shareholders. The acquisition is being done by buying shares from current shareholders rather than through fresh issuance. The company has offices in Gurugram, Bengaluru, Navi Mumbai, and Muscat, and is listed on both BSE (Scrip Code: 505368) and NSE (Scrip Code: SEMAC). This is a related-party style consolidation since both entities share the Semac brand name.
If approved, this acquisition will give Semac Construction Ltd a 50% stake in its technology arm, potentially consolidating the group structure. Shareholders should watch for further details on deal valuation, funding source, and synergies once the board approves it, as this could affect future earnings consolidation and capital allocation.