Empower India Secures Term Sheet to Acquire UAE-Based MABIL

Empower India Ltd. Announces Strategic Acquisition of UAE-Based MABIL

Empower India Ltd. (EIL), a leading sustainable energy solutions provider, has signed a term sheet for the proposed acquisition of a majority stake in UAE-based MABIL. The transaction is structured as a strategic cross-border acquisition to be executed through a share swap arrangement.

The acquisition marks a key international development for EIL, aimed at securing strategic market access in the Middle East. By integrating MABIL, which maintains an established operational presence in the United Arab Emirates, EIL intends to leverage the UAE's position as a global commercial hub. This strategic move is expected to strengthen EIL's global presence and expand its customer base.

EIL stated that the transaction is currently in its preliminary stages, and the term sheet outlines the broad framework of the deal, while the final acquisition remains subject to the negotiation of valuation and the execution of definitive documents. Empower India offers services in data centre infrastructure management and renewable energy generation.

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