Premier Energies Buys 34% Stake in Transcon Ind for Rs 250 Cr; Aims for 51%

• Premier Energies Ltd acquired a 34.21% equity stake in Transcon Ind Ltd for Rs 250 crore.
• This acquisition marks the first tranche of a planned 51% equity shareholding in Transcon Ind.
• The remaining shares will be acquired by February 20, 2026, subject to conditions in the amended SSSHA.
• Premier Energies received intimation of the first tranche completion from Transcon Ind on December 24, 2025.
• Shares of Premier Energies rose 0.63% to Rs 886 per share on the NSE following the news.

Why It Matters: Premier Energies initiates strategic acquisition of Transcon Ind, securing 34% stake for Rs 250 crore.