Premier Energies Limited Completes Acquisition of Transcon Ind Limited
Premier Energies Limited announced the completion of the final tranche of its strategic acquisition of equity shares in Transcon Ind Limited on April 3, 2026. The acquisition was executed through a private placement of shares allotted on a preferential basis.Under the final tranche, Premier Energies Limited acquired 52,073 equity shares in Transcon Ind Limited for a consideration of INR 250,30,97,037. This acquisition brings Premier Energies Limited's ownership stake in Transcon Ind Limited to 51% of the paid-up equity share capital.
As a result of the completed acquisition, Transcon Ind Limited has become a subsidiary of Premier Energies Limited, effective April 3, 2026. Consequently, Neotrafo Solutions India Private Limited, a subsidiary of Transcon Ind Limited, is now a step-down subsidiary of Premier Energies Limited.
Transcon Ind Limited reported the completion to Premier Energies Limited at 10:52 a.m. (IST) on April 3, 2026.
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