Premier Energies Limited has approved the acquisition of a 51% stake in M/s Transcon Ind Limited, a company involved in the manufacturing of transformers. The acquisition is structured through a Securities Subscription and Shareholders’ Agreement (SSSHA). The deal, approved on October 23, 2025, will make Transcon Ind Limited a subsidiary of Premier Energies. The investment aims to diversify Premier Energies’ portfolio and establish a strong presence in the power transformer market.
Strategic Acquisition Approved
Premier Energies Limited announced on October 23, 2025, that its Board of Directors has approved a strategic move to acquire a controlling stake in M/s Transcon Ind Limited. The acquisition will be executed through a Securities Subscription and Shareholders’ Agreement (SSSHA).
Deal Details: Stake and Investment
The agreement involves Premier Energies subscribing to Equity Shares in Transcon Ind Limited, representing 51% of the issued and paid-up Equity share capital of the target company. The cost of acquisition is Rs.48,069 per share, and the total investment amounts to Rs. 500.3 Crores for 1,04,082 Equity shares. Post-acquisition, Transcon Ind Limited will become a subsidiary of Premier Energies.
Rationale for Acquisition
This acquisition enables the company to diversify into power transformer manufacturing, establishing a presence in a critical segment of the energy sector. This strategic move allows Premier Energies to become a full-spectrum energy solutions provider, bridging the gap between generation and transmission. By leveraging established brand equity and marketing channels, the company is well-positioned to penetrate the market and scale operations efficiently.
About Transcon Ind Limited
Transcon Ind Limited was incorporated on August 29, 2025, with the objective of manufacturing and selling transformers. The company is based in Hyderabad, India, and it is strategically acquiring a partnership firm engaged in the manufacturing and sales of transformers since 2003.
Expected Completion
The acquisition is expected to be completed within 90 days from the date of execution of the Share Subscription & Shareholders’ Agreement, subject to satisfactory completion of preconditions.
Source: BSE
