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Aegis Logistics Limited ( (IN:AEGISLOG) ) has issued an update.
Aegis Gas (LPG) Private Limited, a wholly owned subsidiary of Aegis Logistics, and Vopak India B.V. have signed a share purchase agreement to sell a combined 75% stake in Hindustan Aegis LPG Limited to Aegis Vopak Terminals Limited for approximately INR 1,031.8 crore. The transaction, approved earlier by shareholders and executed on an arm’s-length basis following an independent valuation, will transfer 51% from AGPL and 24% from Vopak to AVTL, consolidating control of HALPG under AVTL and granting it the right to appoint a nominee director on HALPG’s board, which is likely to streamline governance and strengthen the Aegis–Vopak joint terminal platform within the LPG infrastructure space.
More about Aegis Logistics Limited
Aegis Logistics Limited operates in the energy and logistics sector through subsidiaries such as Aegis Gas (LPG) Private Limited, focusing on LPG and related terminal infrastructure. The group is positioned around storage, handling and distribution of LPG and other petroleum products, often via joint ventures and associated entities like Hindustan Aegis LPG Limited and Aegis Vopak Terminals Limited.
Average Trading Volume: 30,101
Technical Sentiment Signal: Hold
Current Market Cap: 251.7B INR
Learn more about AEGISLOG stock on TipRanks’ Stock Analysis page.