SEPC zooms on getting nod to acquire 90% stake in Avenir International Engineers and Consultants LLC
SEPC is currently trading at Rs. 4.88, up by 0.23 points or 4.95 % from its previous closing of Rs. 4.65 on the BSE.
The scrip opened at Rs. 4.98 and has touched a high and low of Rs. 4.98 and Rs. 4.72 respectively. So far 1570633 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.97 on 24-Mar-2025 and a 52 week low of Rs. 4.63 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 5.34 and Rs. 4.63 respectively. The current market cap of the company is Rs. 937.10 crore.
The promoters holding in the company stood at 26.53%, while Institutions and Non-Institutions held 15.15% and 58.32% respectively.
SEPC has received approval from Board of Directors for acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi.
This acquisition marks a significant strategic milestone in SEPC’s journey to expand its global footprint and strengthen its presence in the high-growth Oil & Gas engineering sector, particularly across the Middle East and North Africa (MENA) region.
The acquisition is expected to enable SEPC’s entry into the global Oil & Gas EPC and consulting ecosystem; strengthen its international execution capabilities and geographic diversification; provide access to high-margin, technology-driven engineering services; create a scalable platform for growth in the MENA region; enhance long-term value creation through synergies in engineering, procurement, and project execution.
