Announced Mon, 6 Jul · 19:08 IST
SEPC board approves 90% acquisition of UAE firm via Rs 1,530 Cr share swap
Corporate Actions View source PDF
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹6.59
prior close
₹6.61
base price
After-mkt
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AI summary
SEPC board approved acquiring 90% of Avenir International Engineers, a UAE Oil and Gas engineering firm, via share swap. SEPC will issue 153 Crore shares at Rs 10 each (Rs 1,530 Crore total) to Avenir shareholders. Avenir turnover was AED 75 million in 2025. Board also approved raising authorized share capital to Rs 6,000 Crore, borrowing limit to Rs 7,500 Crore, and loan and investment threshold to Rs 3,000 Crore. Postal ballot approved. Deal expected by December 2026.
Likely market impact
Large equity dilution from 153 Crore new shares. No cash outflow, but major expansion into UAE Oil and Gas sector.