Aegis Vopak Terminals Limited will acquire a 75% equity stake in Hindustan Aegis LPG Limited (HALPG). The acquisition involves 6,21,146 equity shares and 2,92,303 equity shares from Aegis Gas (LPG) Private Limited and Vopak India B.V. The deal, valued at INR 11,295.3668223 per share, is subject to shareholder approval and is expected to close by January 15, 2026. Post-acquisition, HALPG will become a subsidiary of Aegis Vopak.
Acquisition Overview
Aegis Vopak Terminals Limited has announced its plan to acquire a 75% equity stake in Hindustan Aegis LPG Limited (HALPG). This strategic move aims to expand Aegis Vopak’s terminalling business at the Haldia location, specifically in LPG storage, bottling, and terminalling activities.
Transaction Details
The acquisition includes 6,21,146 equity shares and 2,92,303 equity shares of INR 10 each from Aegis Gas (LPG) Private Limited and Vopak India B.V. The price per share is set at INR 11,295.3668223. The transaction is categorized as a related party transaction as Aegis Gas (LPG) Private Limited is part of the Promoter Group.
HALPG’s Business Profile
Hindustan Aegis LPG Limited (HALPG), incorporated on February 23, 1994, is engaged in the storage and terminalling of LPG and allied products. HALPG’s financial performance is as follows:
- 2022-23: INR 1,35,81,44,000
- 2023-24: INR 1,50,46,19,000
- 2024-25: INR 1,68,13,01,000
Strategic Rationale and Timeline
The acquisition is expected to be completed on or before January 15, 2026. The acquisition will allow Aegis Vopak to consolidate its presence in LPG storage and handling services. HALPG is situated in India.
Source: BSE
