New Delhi, March 24 -- SEPC share price jumped over 7% on Tuesday after the company announced acquisition of a majority stake in an Abu Dhabi-based company to expand into the global oil and gas sector. The penny stock rallied as much as 7.09% to Rs.4.98 apiece on the BSE.

EPC solutions provider SEPC announced that its Board of Directors approved the acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, marking an expansion and presence in the high-growth Oil & Gas engineering sector, particularly across the Middle East and North Africa (MENA) region.

The transaction involves the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC through a share swap arrangement,...