Empower India Limited has entered into an indicative, non-binding term sheet with Mark AB Capital Private Limited to acquire 100% of the equity share capital of Valiance Engineers Private Limited.

The proposed transaction will be structured as a 100% non-cash share swap, through the preferential allotment of fresh equity shares of Empower India. Following completion, Valiance Engineers would become a wholly owned subsidiary of Empower India.

Valiance Engineers, including its wholly owned US subsidiary Lauren Engineers & Constructors Inc., has operations across realty, civil, oil & gas and public infrastructure. The acquisition would provide Empower India access to engineering capabilities in areas such as modularisation, process engineering, piping, instrumentation and plant layout design.

The company said the all-equity structure would avoid the need for debt financing or cash outflow, while supporting its expansion into sustainable digital infrastructure, high-density data centres and energy-transition projects.

The transaction remains subject to due diligence, independent valuation, fairness opinion, board and shareholder approvals, and regulatory clearances. The term sheet is valid for 90 days from signing and will automatically expire if definitive agreements are not executed within that period.