Joint Venture26 Mar 2026, 09:51 pm
Aegis Vopak Terminals Ltd Assigns Rights to Acquire Ammonia Storage Terminal to Subsidiary ATPL
AI Summary
Aegis Vopak Terminals Ltd has entered into a Deed of Assignment with its subsidiary, Aegis Terminal (Pipavav) Limited (ATPL), to assign the rights to acquire a specialised storage terminal for Ammonia at Pipavav Port. The terminal has a static capacity of 36,000 MT. ATPL is currently held by the Company with 96% equity stake, which will reduce to 86% post transfer of shares to Itochu Corporation. This assignment falls under related party transactions and is done on an arms length basis.
Key Highlights
- Aegis Vopak Terminals Ltd assigns rights to acquire Ammonia storage terminal to its subsidiary ATPL.
- ATPL is a subsidiary of the Company with 96% equity stake, to reduce to 86% post transfer of shares to Itochu Corporation.
- The storage terminal has a static capacity of 36,000 MT.
- The assignment falls under related party transactions and is done on an arms length basis.
- The transaction is in compliance with SEBI LODR Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.