Penny Stock Under Rs 2: Digital Solutions Provider Company Signs Term Sheet for UAE-Based MABIL Acquisition
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The stock price has surged over 39.29 per cent on YTD basis. It has delivered around 50 per cent returns from its 52-week low of Rs 1.30 per share.
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On Friday, shares of Empower India Ltd closed at Rs 1.95 per share, up 2.63 per cent from its previous closing of Rs 1.90 per share. The stock’s 52-week high is Rs 1.95 per share and its 52-week low is Rs 1.30 per share. During the session, the stock surged 2.63 per cent to its Intraday high of Rs 1.95.
Mumbai, April 30, 2026: Empower India Ltd, a company listed on both the NSE and BSE, has announced the signing of a term sheet for the proposed acquisition of a majority stake in UAE-based MABIL. The deal is structured as a strategic cross-border acquisition and will be executed through a share swap arrangement, aligning long-term interests of both entities under a unified ownership structure.
This all-equity transaction marks a significant step in the company’s international expansion strategy. By integrating MABIL, which has an established operational presence in the United Arab Emirates, Empower India Ltd aims to leverage the UAE’s position as a global commercial hub. The move is expected to enhance the company’s corporate structure through increased geographic presence, strengthen connectivity across international markets, and provide a solid base within the Middle Eastern commercial ecosystem.
The transaction is currently at a preliminary stage. While the term sheet outlines the broad framework, the final acquisition remains subject to valuation negotiations and execution of definitive agreements. Both companies will proceed with detailed due diligence, finalize transaction documents, and fulfill regulatory and statutory requirements before completion.
Further details, including the share swap ratio and quantum of shares, will be disclosed to stock exchanges as the transaction progresses and necessary approvals are obtained.
Empower India Ltd continues to focus on expanding its international footprint while strengthening its corporate structure through strategic initiatives such as this cross-border acquisition.
The company has a market cap of over Rs 200 crore. The stock price has surged over 39.29 per cent on YTD basis. It has delivered around 50 per cent returns from its 52-week low of Rs 1.30 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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