Announced Mon, 6 Jul · 22:27 IST
SEPC postal ballot: 153 Cr share swap to buy 90 percent stake in Avenir Abu Dhabi
Board & Shareholder Meetings 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
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.5-0.6-0.3-2.1-1.8+0.0-1.2-3.8-6.8-11.1———
Up moveDown movePending
AI summary
SEPC seeks shareholder approval via postal ballot (e-voting Jul 7 to Aug 5, 2026) for 4 items. Key: issue 153 Crore equity shares at Rs 10 each (Rs 1,530 Cr total) to acquire 90 percent of Avenir International Engineers, Abu Dhabi, entering oil and gas FEED and PMC business. Other items: raise authorized capital from Rs 2,250 Cr to Rs 6,000 Cr, lift Section 186 investment limit to Rs 3,000 Cr, and raise borrowing limit to Rs 7,500 Cr.
Likely market impact
153 Crore new shares means major dilution for existing holders, though it funds acquisition of Abu Dhabi oil and gas engineering firm.