Aegis Vopak Terminals Ltd to Sell 10% Stake in Subsidiary to Itochu Corporation for INR 80.32 Crores

Aegis Vopak Terminals Ltd has approved the sale of 10% equity stake in its subsidiary, Aegis Terminal (Pipavav) Limited, to Itochu Corporation. The transaction is valued at INR 80.32 crores. Post-transaction, Aegis Vopak Terminals Ltd will hold 86% equity stake in Aegis Terminal (Pipavav) Limited. The company also announced the assignment of rights to acquire a specialised storage terminal for Ammonia at Pipavav Port to Aegis Terminal (Pipavav) Limited.