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Aegis Logistics Limited ( (IN:AEGISLOG) ) just unveiled an update.
Aegis Logistics Limited has announced a postal ballot notice seeking shareholder approval for the sale of a 51% equity stake in Hindustan Aegis LPG Limited by its subsidiary, Aegis Gas (LPG) Private Limited, to its associate company, Aegis Vopak Terminal Limited. This transaction is a material related party transaction and is part of the company’s strategic realignment to optimize its asset portfolio. The approval process will be conducted through remote e-voting, reflecting Aegis Logistics’ commitment to transparent governance and regulatory compliance.
More about Aegis Logistics Limited
Aegis Logistics Limited operates in the logistics industry, focusing primarily on the storage and distribution of petroleum products, chemicals, and liquefied petroleum gas (LPG). The company plays a significant role in the energy sector by providing essential infrastructure for handling and transporting these materials.
Average Trading Volume: 51,437
Technical Sentiment Signal: Strong Buy
Current Market Cap: 270.3B INR
See more insights into AEGISLOG stock on TipRanks’ Stock Analysis page.