Archive · 16 Sep 2026
Empower India Penny Stock Hits Upper Circuit After Acquisition Update
Empower India is a small company working in technology and digital infrastructure.
On 16 September, its shares rose sharply during trading.
The rise followed news about a possible acquisition.
Empower India plans to buy all of Valiance Engineers.
The companies would use a share swap instead of cash for the deal.
This means new Empower India shares would be given to the seller.
Valiance Engineers brings engineering experience and delivery capabilities in North America through Lauren Engineers.
The proposed deal is not final because the term sheet is non-binding.
Empower India said the transaction could help it expand into engineering and infrastructure projects.
Empower India shares reached a 5% upper circuit at ₹2.50 on the BSE on 16 September.
The stock later closed 3.77% higher at ₹2.48.
Empower India signed a non-binding term sheet to acquire 100% of Valiance Engineers.
The proposed deal is a 100% non-cash share swap using newly issued Empower India shares.
Empower India shares have gained 118% over six months, according to BSE data.
- Who
- Empower India, Mark AB Capital Private Limited, and Valiance Engineers Private Limited are involved; Rajesh Chavan is Empower India’s Managing Director.
- What
- Empower India signed a non-binding term sheet to acquire 100% of Valiance Engineers through an all-equity share swap.
- When
- The announcement and market move occurred on 16 September.
- Where
- The shares traded on the BSE; the acquisition concerns Valiance Engineers and its stated domestic and North American operations.
- Why
- Empower India said the proposed acquisition would expand its platform into engineering and infrastructure while supporting its sustainable digital infrastructure strategy.
- Company
- Empower India
- Intraday high
- ₹2.50, a 5% upper circuit
- Closing price
- ₹2.48, up 3.77%
- Acquisition target
- 100% of Valiance Engineers Private Limited
- Deal structure
- 100% non-cash share swap through preferential allotment of fresh Empower India equity shares
- Six-month return
- 118%, according to BSE data
- 52-week range
- ₹1.03 low on 30 March and ₹2.83 high on 13 May