SEPC MAKES A BIG GLOBAL MOVE; TO ACQUIRE UP TO 90% STAKE IN UAE- BASED AVENIR THROUGH THE PREFERENTIAL ALLOTMENT OF 153 CRORE EQUITY SHARES AT AN ISSUE PRICE OF RS.10 PER SHARE. DETAILED ....
M&A
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MEDIUM RISK
📅 Filed on BSE: 08 Jul 2026, 03:01 PM IST · BSE ID: e0f7c9ce-e3c1-4509-aa17-284e13117178
View Original BSE Filing (PDF)
💡
In Simple Terms
SEPC is acquiring up to 90% of a UAE company for ₹1,530 crore by exchanging shares, with no cash involved.
🤖 AI Summary
- SEPC Limited proposes to acquire up to 90% equity in UAE-based Avenir International Engineers and Consultants LLC.
- The acquisition involves a preferential allotment of 153 crore SEPC equity shares at ₹10 per share, totaling ₹1,530 crore.
- Transaction will be a share swap, with no cash outflow, and is expected to conclude by December 2026.
- SEPC Board approved increasing Authorised Share Capital to ₹6,000 crore and borrowing limits to ₹7,500 crore.
- Avenir International, established 2011, reported a turnover of approximately AED 75.01 million in 2025.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Value
₹1,530 crore
Shares Allotted (Avenir acquisition)
153 crore equity shares
Issue Price per Share
₹10
Avenir Turnover (2025)
AED 75.01 million
New Authorised Share Capital
₹6,000 crore
New Borrowing Limits
₹7,500 crore
SEPC Total Income (FY26)
₹1,085.8 Cr
SEPC Total Income (FY25)
₹646.0 Cr
SEPC Net Profit (FY26)
₹53.5 Cr
🏢 How This Affects the Company
The acquisition is intended to strengthen SEPC's capabilities in the oil & gas sector and enhance its presence across the Middle East, adding Avenir's established qualifications with ADNOC.
The transaction of ₹1,530 crore will be a share swap via preferential allotment, not involving cash outflow. Increased Authorised Share Capital to ₹6,000 crore and borrowing limits to ₹7,500 crore will enhance future capital-raising capacity and support growth.
SEPC is intended to gain access to the UAE's oil & gas ecosystem and complement its existing engineering capabilities through Avenir International Engineers and Consultants LLC.
The acquisition is subject to requisite shareholders' and regulatory approvals, which represents a procedural risk to transaction completion. The expansion into international markets may introduce new operational and market specific risks.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are required to participate in the postal ballot through remote e-voting to approve the proposals.
👤
Who Is Affected
Shareholders of SEPC will be affected by the proposed increase in Authorised Share Capital to ₹6,000 crore and the preferential allotment of 153 crore equity shares.
🔍
Management Signal
Management intends to expand SEPC's international presence and engineering capabilities, while also strengthening its financial and organizational capacity for larger opportunities.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Shareholder approval results from the postal ballot regarding the acquisition and capital changes.
Regulatory approvals for the acquisition of Avenir International Engineers and Consultants LLC.
Completion announcement of the acquisition by December 2026.
MEDIUM RISK
Transaction is subject to shareholder and regulatory approvals, which are not yet secured.
💡 Investor Takeaway
SEPC announced plans to acquire up to 90% of UAE-based Avenir International for ₹1,530 crore via preferential allotment of 153 crore shares at ₹10 each. This non-cash transaction is expected by December 2026. Board also approved increasing Authorised Share Capital to ₹6,000 crore and borrowing limits to ₹7,500 crore.
⚖️ Strengths & Concerns
✅ Positives
- Proposed acquisition uses a share swap, requiring no cash outflow from SEPC, preserving current liquidity and working capital.
- Increased borrowing limits to ₹7,500 crore and Authorised Share Capital to ₹6,000 crore enhance future growth funding capacity.
⚠️ Concerns
- The acquisition of Avenir is subject to requisite shareholders' and regulatory approvals, which could delay or prevent completion.
- Avenir International's reported turnover of approximately AED 75.01 million in 2025 is provided without comparable prior year data.
📅 Company Track Record
Previous filings indicated SEPC intended to acquire Avenir. On March 24, 2026, SEPC stated it had acquired 90% Avenir stake for ~INR 1,530 crore, gaining an AED 500 million order book. This July 8, 2026 filing provides details on the preferential allotment share swap and board approvals, revising the earlier press release.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the deal value of SEPC's proposed acquisition of Avenir International?
SEPC proposes to acquire up to 90% equity stake in Avenir International Engineers and Consultants LLC for ₹1,530 crore.
How will SEPC fund the acquisition of Avenir International?
The acquisition will be funded through a preferential allotment of 153 crore equity shares of SEPC at an issue price of ₹10 per share, resulting in no cash outflow.
What was Avenir International Engineers and Consultants LLC's turnover in 2025?
Avenir International Engineers and Consultants LLC reported a turnover of approximately AED 75.01 million during 2025.
What is SEPC Limited's new approved Authorised Share Capital and borrowing limits?
SEPC's Board approved increasing the Authorised Share Capital from ₹2,250 crore to ₹6,000 crore and the borrowing limits to ₹7,500 crore, subject to shareholder approval.
Questions based on this BSE filing only. For information purposes.