SEPC to acquire up to 90% stake in UAE-based Avenir

The transaction will be completed without any cash outflow and is expected to conclude by December 2026

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Kesavan A N 1612@Chennai

SEPC Ltd, the Chennai-based EPC company, will acquire up to 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi.This will be through a share swap transaction, says a company announcement to the stock exchanges.The acquisition will be undertaken by way of a preferential allotment of 153 crore equity shares of SEPC at an issue price of ₹10 per share, aggregating to ₹1,530 crore, to the shareholders of Avenir.SEPC Ltd (formerly Shriram EPC Limited) offers turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors.The transaction will be completed without any cash outflow and is expected to conclude by December 2026.The proposed acquisition is expected to strengthen SEPC’s capabilities in the oil & gas sector and significantly enhance its presence across West Asia.Established in 2011, Avenir International Engineers and Consultants LLC is an engineering and design company serving the oil & gas and other civil infrastructure sectors in the UAE, the announcement said.The company possesses established qualifications with ADNOC and reported a turnover of approximately AED 75.01 million during 2025.In addition, SEPC’s board approved a series of other proposals. This includes increase in the company’s Authorised Share Capital from ₹225 crore to ₹600 crore, through the creation of additional equity shares, subject to shareholders’ approval.The board has also approved enhancing the limits for loans, guarantees, securities and investments to ₹3,000 crore, providing the company with greater financial flexibility to pursue future growth opportunities.Further, the board has approved increasing the borrowing limits to ₹7,500 crore, enabling the company to support its expanding business operations and long-term growth plans.Published on July 8, 2026