SEPC Limited approves Rs 1,530 Cr Acquisition of UAE Oil & Gas Firm

SEPC Limited's Board approved acquiring 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, for 90% of AED 708 million (Rs 1,530 crore) via share swap, subject to lender and shareholder approvals.

Avenir, established 2007, specializes in oil & gas engineering, FEED, and PMC services across MENA region with 2024 turnover AED 73.93 million (Rs 171.89 crore). Order book exceeds AED 500 million; serves ADNOC, DEWA; holds ISO 9001/14001/45001 certifications as ADNOC-approved vendor.

The acquisition will enable SEPC Limited to expand into the global Oil & Gas sector, strengthen its international presence, and diversify its revenue streams into a highvalue and growing industry.

Shares of SEPC Limited was last trading in BSE at Rs. 4.65 as compared to the previous close of Rs. 5.14. The total number of shares traded during the day was 3503094 in over 1147 trades.

The stock hit an intraday high of Rs. 5.17 and intraday low of 4.63. The net turnover during the day was Rs. 16625154.00.

Source : Equity Bulls

Keywords

SEPC INE964H01014 Acquisition UAE OilandGas