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Premier Energies Buys Stake in Transcon Ind
24 Dec
Summary
- Premier Energies acquired a 34.21% stake for ₹250 crore.
- The acquisition is part of a tranche-based structure.
- The remaining acquisition tranche is expected by February 20, 2026.
Premier Energies Ltd. has finalized the initial stage of its planned acquisition of Transcon Ind Ltd., purchasing a 34.21% equity stake for ₹250 crore. This significant investment was made through a preferential allotment on a private placement basis, as detailed in a regulatory filing.
The strategic acquisition, initiated under a Share Subscription and Shareholders' Agreement dated October 23, 2025, is designed to be completed in tranches. This structure is contingent upon Transcon Ind's capital expenditure and the fulfillment of certain conditions, ensuring a phased integration without altering the established valuation or total transaction cost.
Premier Energies originally announced its intention to acquire a 51% stake in Transcon Ind. The completion of the first tranche was officially communicated by Transcon Ind on December 24, 2025. The subsequent acquisition phase is tentatively scheduled for completion by February 20, 2026, pending the satisfaction of all stipulated conditions.
