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SEPC proposes ₹1,530 crore all-share deal to buy 90% of UAE engineer Avenir

AI Market Summary
SEPC's proposed ₹1,530 crore all-share acquisition of 90% of UAE-based Avenir expands exposure to MENA oil & gas projects via ADNOC prequalification, while avoiding immediate cash outflow. However, the deal requires a large authorized capital increase and materially higher borrowing/investment limits, raising future leverage and dilution considerations. With closing targeted for December 2026, near-term market impact appears limited outside the company's equity.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.44%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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SEPC Ltd said it plans to acquire a 90% stake in UAE-based Avenir International Engineers and Consultants LLC for ₹1,530 crore via a preferential issue of 153 crore equity shares at ₹10 each, with closing expected by December 2026. The transaction would involve no cash outflow, but the company will seek approvals to raise its authorized share capital from ₹225 crore to ₹600 crore. SEPC will also ask shareholders to increase limits for loans, guarantees and investments by ₹3,000 crore and borrowing limits by ₹7,500 crore. Avenir has ADNOC prequalification and reported 2025 turnover of AED 75.01 million, while SEPC said FY26 net profit rose to ₹53.50 Cr, more than doubling year on year.
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