Acquisitions10 Jul 2025, 06:41 pm
Aegis Logistics Ltd Transfers LPG Terminal to Aegis Vopak Terminals Ltd for INR 428,40,00,000
AI Summary
Aegis Logistics Limited has executed a Business Transfer Agreement (BTA) to transfer a Liquified Petroleum Gas (LPG) Terminal with a cryogenic static storage capacity of 48,000 MT at Pipavav to Aegis Vopak Terminals Limited (AVTL), its associate company. The consideration for the sale is INR 428,40,00,000. The LPG terminal is expected to enhance AVTL's service demand and operational synergy.
Key Highlights
- Aegis Logistics Ltd transfers LPG terminal to Aegis Vopak Terminals Ltd for INR 428,40,00,000
- The LPG terminal has a cryogenic static storage capacity of 48,000 MT at Pipavav
- The transaction is between Aegis Logistics Ltd and its associate company, Aegis Vopak Terminals Ltd
- The transaction is expected to enhance AVTL's service demand and operational synergy
- The transaction is not a related party transaction