Aegis Logistics Limited has announced the sale of its 51% equity stake in Hindustan Aegis LPG Limited (HALPG) to Aegis Vopak Terminal Limited (AVTL). The transaction, approved by the Board of Directors on October 29, 2025, involves 6,21,146 equity shares. Post-completion, HALPG will cease to be a subsidiary of AGPL and a step-down subsidiary of the Company. The transaction is expected to be completed on or before January 15, 2026.
Equity Stake Divestment
Aegis Logistics Limited has agreed to sell shares aggregating to a 51% equity stake in Hindustan Aegis LPG Limited (HALPG), a step-down subsidiary. The decision was made during a Board of Directors meeting held on October 29, 2025. The buyer is Aegis Vopak Terminal Limited (AVTL), an associate company.
Transaction Details
The transaction involves the sale of 6,21,146 equity shares of INR 10 each held by Aegis Gas (LPG) Private Limited (AGPL) in HALPG. Following the transaction, HALPG will no longer be a subsidiary of AGPL or a step-down subsidiary of Aegis Logistics. The expected completion date is on or before January 15, 2026.
Financial Impact
The consideration to be received by AGPL from AVTL is INR 7,01,60,71,920 for the sale. HALPG contributed 2.49% of the company’s turnover and 10.07% of the company’s net worth as of March 31, 2025.
Related Party Transaction
This transaction is classified as a related party transaction between AGPL and AVTL but has been conducted on an arm’s length basis.
Source: BSE
