We herewith enclosed the Outcome of the Board Meeting held today i.e March 23, 2026, approving the Proposed acquistion of Avenir International Engineers and Consultants LLC, Abu Dhabi. Detailed letter is enclosed.
SEPC · price
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SEPC Limited's board, at a meeting on March 23, 2026, approved the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, a company in the Oil & Gas engineering space with operations across the MENA region. The target reported a turnover of AED 7.39 crore (INR 171.89 Cr) in 2024, growing from INR 71.92 Cr in 2022, and has an order book exceeding AED 500 million with clients such as ADNOC and DEWA. The deal is valued at 90% of AED 708 million (approximately INR 1,530 Crores) as per IBBI valuation, to be paid through a share swap. The acquisition is not a related-party transaction and remains subject to lender and shareholder approvals, expected within six months.
This is a significant international acquisition for SEPC, expanding its footprint into the high-value MENA Oil & Gas engineering market and potentially adding meaningful revenue and order book. Share-swap consideration means no immediate cash outflow, but the INR 1,530 Cr valuation is sizeable relative to SEPC and could dilute existing shareholders while also boosting growth visibility.