SEPC Share Price in Focus; To Acquire Up to 90% Stake in Abu Dhabi-Based Avenir

SEPC Ltd has approved a proposal to acquire up to a 90% stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC, as per an exchange filing dated July 8, 2026. 

The acquisition will be carried out through a share swap, subject to approvals from shareholders and regulators. According to the company, the transaction is expected to be completed by December 2026.  

Deal Valued at ₹1,530 Crore 

Under the proposed transaction, SEPC will issue 153 crore equity shares on a preferential basis at ₹10 per share to the shareholders of Avenir. The total value of the share issue stands at ₹1,530 crore.  

The company said the acquisition will not require any cash payment, as it will be executed entirely through the issue of equity shares.  

About Avenir 

Avenir International Engineers and Consultants LLC was established in 2011 and operates in the engineering and design segment. Its work covers oil and gas projects as well as civil infrastructure in the UAE.  

The company has established qualifications with ADNOC and reported a turnover of about AED 75.01 million during 2025. SEPC said the acquisition is to add engineering capabilities in the oil and gas sector while increasing its presence in the Middle East.  

Other Proposals Cleared by the Board 

The Board has also approved increasing SEPC's authorised share capital from ₹225 crore to ₹600 crore through the creation of additional equity shares.  

In a separate proposal, the limit for loans, guarantees, securities and investments has been raised to ₹3,000 crore. The borrowing limit has also been proposed to increase to ₹7,500 crore, subject to shareholder approval.  

Shareholder Approval and Financials 

The proposals will be placed before shareholders through a postal ballot conducted by remote e-voting. Alagar & Associates LLP has been appointed as the scrutiniser for the voting process.  

SEPC, formerly Shriram EPC Limited, reported total income of ₹1,085.8 crore in FY26, compared with ₹646 crore in FY25. EBITDA stood at ₹108.9 crore, while net profit rose to ₹53.5 crore.  

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SEPC Ltd Share Price Performance  

As of July 8, 2026, 12:58 pm, SEPC Ltd share price was trading at ₹6.60, down 1.20% from the previous closing price. 

Conclusion 

The proposed acquisition, along with the increase in capital and borrowing limits, forms part of the resolutions approved by SEPC's Board. These proposals will take effect after receiving the required shareholder and regulatory approvals. 

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