SEPC : ACQUIRES UAE FIRM AVENIR IN ALL-CASH DEAL

• SEPC Limited announced a series of strategic proposals approved by its Board of Directors, subject to requisite shareholder and regulatory approvals. • Key highlight is the proposed acquisition of up to 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, through a share swap transaction. • Acquisition will be by preferential allotment of 153 crore equity shares of SEPC at an issue price of ₹10 per share, aggregating to ₹1,530 crore, to Avenir shareholders. • Transaction will be completed without any cash outflow and is expected to conclude by December 2026. • Avenir International Engineers and Consultants LLC, established in 2011, is an engineering and design company serving the oil & gas and civil infrastructure sectors in UAE, with FY25 turnover of AED 75.01 million. • Board also approved increasing authorised share capital to ₹6,000 crore and borrowing limits to ₹7,500 crore.

SEPC Limited

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