Premier Energies has completed the initial phase of acquiring equity shares in Transcon Ind Limited, securing a 34.21% stake of the paid-up equity share capital. The acquisition involves 52,009 equity shares through preferential allotment for INR 250,00,20,621. This acquisition is part of a Share Subscription and Shareholders’ Agreement.
Transcon Ind Limited Acquisition
Premier Energies has completed the first tranche of acquiring equity shares in Transcon Ind Limited, referred to as the Target Company. This move marks a significant step in the company’s strategic growth plans.
Details of the First Tranche
The acquisition includes 52,009 equity shares acquired by Premier Energies in Transcon Ind Limited. These shares were allotted on a preferential basis through private placement.
Financial Details
The consideration paid for this first tranche amounts to INR 250,00,20,621. Following this acquisition, Premier Energies now holds 34.21% of the paid-up equity share capital in the Target Company.
Share Subscription and Shareholders’ Agreement
The acquisition is being carried out under the Share Subscription and Shareholders’ Agreement dated October 23, 2025, as amended. This agreement outlines a tranche-based acquisition structure which is linked to the Target Company’s capital expenditure requirements.
Future Acquisition Plans
Premier Energies intends to acquire a 51% equity shareholding in Transcon Ind Limited. The completion of the balance tranche is expected by February 20, 2026. The remaining equity shares will be acquired subject to fulfilling conditions precedent set out in the amended agreement.
Source: BSE
