Premier Energies completes Transcon Ind acquisition, takes 51% stake
Premier Energies Limited has completed the second and final tranche of its equity acquisition in Transcon Ind Limited, resulting in the company becoming a subsidiary with effect from April 3, 2026. The development follows earlier disclosures made on October 23, 2025 and December 24, 2025. In the final tranche, Premier Energies acquired 52,073 equity shares of Transcon Ind Limited through a preferential allotment on a private placement basis, for a consideration of Rs 250,30,97,037. Following…