Deals28 March 2026 at 04:01 am
Aegis Vopak Terminals Ltd to Sell 10% Stake in Subsidiary to Itochu Corporation
AI Summary
Aegis Vopak Terminals Ltd has entered into a Share Purchase Agreement (SPA 1), Shareholders’ Agreement, and Share Purchase Agreement (SPA 2) with Aegis Terminal (Pipavav) Limited, Itochu Corporation, Mr. Murad Moledina, and Mr. Sudhir Omprakash Malhotra. The agreements are in respect to the sale of 10% equity stake in ATPL to Itochu for INR. 80,32,00,000. The Company will continue to hold 86% equity stake in ATPL post the sale. The SHA provides certain rights to the Company and Itochu with respect to ATPL, including reserved matter rights.
Key Highlights
- Aegis Vopak Terminals Ltd to sell 10% equity stake in its subsidiary Aegis Terminal (Pipavav) Limited to Itochu Corporation
- The deal is worth INR. 80,32,00,000
- Aegis Vopak Terminals Ltd will continue to hold 86% equity stake in Aegis Terminal (Pipavav) Limited post the sale
- Share Purchase Agreement (SPA 1), Shareholders’ Agreement, and Share Purchase Agreement (SPA 2) have been entered
- SHA provides certain rights to the Company and Itochu with respect to Aegis Terminal (Pipavav) Limited