SEPC has informed the exchanges about that its 100% Subsidiary – Shriram EPC (FZE) has successfully concluded the execution of Share Purchase Agreement for the acquisition of 75% of ALMOAYYED Electrical Equipment & Instrumentation Systems LLC (AEEIS) Head Quartered out of Bahrain, through its Promoter Mark AB Capital Investment LLC. The company has informed that they had initiated the process of the name change of the company with the DED of Abu Dhabi Government and the New name submitted is SEPC Middle East Engineering & Construction LLC and the company feel that this should be helpful to obtain projects from all the GCC Countries.
The above information is a part of company’s filings submitted to BSE.
