Joint Venture2 Jan 2026, 07:41 pm
Aegis Logistics Subsidiary Sells Stake in HALPG to Aegis Vopak Terminals Limited
AI Summary
Aegis Gas (LPG) Private Limited (AGPL), a wholly owned subsidiary of Aegis Logistics Limited, has entered into a Share Purchase Agreement (SPA) with Aegis Vopak Terminals Limited (AVTL), Vopak India B.V. (Vopak), and Hindustan Aegis LPG Limited (HALPG) for the sale of 51% and 24% of HALPG's shareholding to AVTL. The total consideration for the sale of 6,21,146 Equity shares by AGPL and 2,92,303 Equity shares by Vopak is INR 1031,77,41,528/-.
Key Highlights
- AGPL and Vopak to sell their stake in HALPG to AVTL
- The total consideration for the sale is INR 1031,77,41,528/-
- AGPL to sell 51% of HALPG's shareholding and Vopak to sell 24%
- The sale includes 6,21,146 Equity shares by AGPL and 2,92,303 Equity shares by Vopak
- The transaction is determined on the basis of an independent valuation report and is undertaken on an arm's length basis