SEPC acquisition: ₹15.3bn Avenir deal in 2026

What SEPC announced and why it matters

SEPC Limited (NSE: SEPC, BSE: 532945) said its Board of Directors approved the acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi. The company communicated the development through an exchange filing and a press release titled “SEPC Limited announces Strategic Acquisition of 90% Stake in Avenir International Engineers and Consultants LLC, Abu Dhabi”.

The transaction is structured as a share swap, with the total consideration for the 90% stake valued at AED 708 million, which the company’s communication equated to about ₹15.30 billion (₹1,530 crore) based on an IBBI valuation. The acquisition is subject to lenders’ and shareholders’ approvals, and SEPC indicated an expected completion timeline of within six months.

Board meeting outcome and exchange disclosures

SEPC’s board meeting concluded on March 23, 2026, where the proposed acquisition was approved, subject to approvals from lenders and shareholders. The company also informed the exchange that the board meeting was scheduled on 23/03/2026 to consider and approve the proposed acquisition of Avenir International Engineers and Consultants LLC, Abu Dhabi.

A formal regulatory announcement followed on March 24, 2026. SEPC’s disclosures referenced that a detailed letter was enclosed with the filing, reiterating the board’s approval and the conditional nature of closing.

Key deal terms disclosed by SEPC

SEPC’s press release and reporting around the filing included specific transaction points: a 90% stake purchase, a share swap as the consideration method, and valuation anchored to AED 708 million for the 90% interest (stated as approximately ₹15.30 billion). The company positioned the acquisition as a strategic step to expand into the Oil and Gas engineering sector, with a focus on the Middle East and North Africa (MENA) region.

The company also stated a timeline expectation of completing the transaction within six months, subject to the required approvals.

Market reaction: sharp move on acquisition headlines

SEPC’s share price saw a strong reaction after the board approval news. Reports cited SEPC shares jumping about 7% in trade on the BSE, with an intra-day high at ₹4.98 per share. One update said that at 9:58 AM, the stock traded 5.16% higher at ₹4.89, while the BSE Sensex was up 1.12% at 73,509.08.

Another reference point noted that the stock surged 7.53% on March 24, 2026, even as a broader market decline was mentioned in that report. Separately, there were mentions of an even stronger intra-day rise of around 10% with the stock reaching ₹5.11 before some profit-taking.

SEPC’s longer-term stock performance backdrop

The rally came against a weak recent price trend highlighted in the same set of reports. SEPC was repeatedly described as a penny stock under ₹5 around the March 24 trading session.

Performance figures cited included: a 40% decline over one month, a 52% drop on a year-to-date (YTD) basis, a 63% fall over six months, and a 68% decline over one year. The reports also cited a 71% fall over two years and a 57% decline over three years.

Later EOD snapshot: BSE and NSE data points (April 30, 2026)

Exchange end-of-day (EOD) data included in the provided material also showed a separate later trading snapshot dated April 30, 2026.

On BSE EOD (15:56 | 30-04-2026), SEPC closed at ₹8.14, down ₹0.26 or 3.09%, with volume of 2,214,282 shares. The day’s range was ₹7.90 to ₹8.39, with a 52-week range of ₹4.63 to ₹15.80.

On NSE EOD (15:58 | 30-04-2026), SEPC closed at ₹8.11, down ₹0.28 or 3.23%, with volume of 22,426,257 shares. The day’s range was ₹7.90 to ₹8.37.

Separate trigger mentioned: North Western Railway order

Alongside the acquisition coverage, the material also referenced a separate development: SEPC shares “zoom” 8% after the company won a railway infrastructure contract worth ₹2.6969 billion (₹269.69 crore). The order was described as linked to the Ajmer–Chanderiya Doubling Project under North Western Railway.

This order and the acquisition headline both feature as examples of event-driven moves in SEPC, particularly given its low share price levels cited in the March reports.

What investors should track next (based on disclosures)

SEPC’s filings and press release language made it clear that the Avenir transaction requires lenders’ and shareholders’ approval. It also flagged an expected completion period of within six months, implying that the next milestones are likely to be approval-related updates and any further exchange disclosures.

Because the deal is structured as a share swap, shareholders typically track the final terms and any filings around the swap mechanics once approvals progress. However, no additional terms beyond the share swap structure and valuation were provided in the supplied text.

Key facts at a glance

Conclusion

SEPC’s board approval for acquiring 90% of Abu Dhabi-based Avenir, valued at about ₹15.30 billion via a share swap, drove a sharp trading reaction in a stock that reports described as a penny counter around the announcement. The next clear checkpoints disclosed so far are lenders’ and shareholders’ approvals, with SEPC indicating a targeted completion window of within six months.