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Penny stock under ₹5 to be in focus on Monday; here’s why

www.livemint.com · May 1, 2026 · 12:47

Empower India share price will be in focus on Monday after the company announced the signing of a term sheet for the proposed acquisition of a majority stake in UAE-based MABIL.

The transaction is structured as a strategic cross-border acquisition to be executed through a share swap arrangement. This all-equity structure is designed to align the long-term interests of both entities, resulting in a unified ownership framework upon completion.

By integrating MABIL, which maintains an established operational presence in the United Arab Emirates, Empower India Ltd intends to leverage the UAE’s position as a global commercial hub.

“The integration is expected to enhance Empower India’s corporate structure through increased geographic presence, strengthen business connectivity across international markets, and provide an established base within the Middle Eastern commercial ecosystem,” Empower India said in a regulatory filing on April 30.

The transaction is currently in its preliminary stages. While the signing of the term sheet outlines the broad framework of the deal, the final acquisition remains subject to the negotiation of valuation and the execution of definitive documents, it added.

Both parties will now proceed with a detailed due diligence, negotiation and execution of definitive agreements and fulfillment of regulatory and statutory requirements. The transaction will move forward only upon the successful completion of these processes and the receipt of necessary approvals from relevant authorities.

Specific details regarding the transaction, including the share swap ratio and the quantum of shares, shall be intimated by the company to the stock exchanges in due course as the transaction progresses.

Empower India share price has rallied 12% in one week, and has jumped by a whopping 97% in one month. The penny stock has gained 50% in three months, but has risen just 2% in six months. Empower India shares have surged 30% in one year and has delivered multibagger returns of 1,250% over the past five years.

On Thursday, Empower India share price ended flat at ₹2.03 apiece on the BSE.

Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.

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