Premier Energies Buys 34.21% Stake in Transcon Ind for ₹250 Crore

• Premier Energies acquired a 34.21% equity stake in Transcon Ind for ₹250 crore.
• This marks the completion of the first tranche of a planned 51% acquisition.
• The stake was acquired through a preferential allotment of 52,009 equity shares.
• The acquisition follows a Share Subscription and Shareholders’ Agreement from October 2025.
• The remaining tranche is now expected to be completed by February 20, 2026.

Why It Matters: Premier Energies completes first phase of Transcon Ind acquisition, securing 34.21% for ₹250 crore.