This penny stock, down 53% in 2026, in focus today on Rs 1,530-crore acquisition in Abu Dhabi
The acquisition worth Rs 1,530 crore will enable the firm to expand into the global oil & gas sector.
- Mar 24, 2026,
- Updated Mar 24, 2026 9:06 AM IST
Shares of engineering, procurement and construction firm SEPC Ltd are in focus today after the company said its board of directors approved the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, subject to lenders’ and shareholders’ approvals.
Shares of SEPC closed 9.53% lower at Rs 4.65 against the previous close of Rs 5.14. Market cap of the firm stood at Rs 740.82 crore. The penny stock has slipped 53.55% this year.
The acquisition worth Rs 1,530 crore will enable SEPC to expand into the global Oil & Gas sector, strengthen its international presence, and diversify its revenue streams into a highvalue and growing industry.
The deal will be executed via a share swap, with the total consideration for the 90% stake valued at AED 708 million, equivalent to Rs 1,530 crore based on IBBI valuation. Approvals are likely to be received within six months.
Avenir International Engineers & Consultants LLC, established in 2007 and headquartered in Abu Dhabi, specializes in Oil & Gas Engineering, FEED, and PMC services. The company has a strong footprint across the MENA region and an order book exceeding AED 500 million, with reputed clients such as ADNOC and DEWA.
Shares of engineering, procurement and construction firm SEPC Ltd are in focus today after the company said its board of directors approved the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, subject to lenders’ and shareholders’ approvals.
Shares of SEPC closed 9.53% lower at Rs 4.65 against the previous close of Rs 5.14. Market cap of the firm stood at Rs 740.82 crore. The penny stock has slipped 53.55% this year.
The acquisition worth Rs 1,530 crore will enable SEPC to expand into the global Oil & Gas sector, strengthen its international presence, and diversify its revenue streams into a highvalue and growing industry.
The deal will be executed via a share swap, with the total consideration for the 90% stake valued at AED 708 million, equivalent to Rs 1,530 crore based on IBBI valuation. Approvals are likely to be received within six months.
Avenir International Engineers & Consultants LLC, established in 2007 and headquartered in Abu Dhabi, specializes in Oil & Gas Engineering, FEED, and PMC services. The company has a strong footprint across the MENA region and an order book exceeding AED 500 million, with reputed clients such as ADNOC and DEWA.