Aegis Logistics Limited has announced that its Board of Directors has approved the sale of a 51% equity stake in Hindustan Aegis LPG Limited (HALPG), a step-down subsidiary, to Aegis Vopak Terminal Limited (AVTL). The transaction involves 6,21,146 equity shares and is subject to shareholders’ approval. Post-completion, HALPG will cease to be a subsidiary of Aegis Gas (LPG) Private Limited (AGPL) and a step-down subsidiary of the Company. The transaction is expected to close by January 15, 2026.
Stake Divestment in HALPG
Aegis Logistics Limited (the “Company”) has approved the sale of its stake in Hindustan Aegis LPG Limited (HALPG) to Aegis Vopak Terminal Limited (AVTL). The decision was made during a Board of Directors meeting held on October 29, 2025, and is subject to shareholder approval.
Transaction Details
The transaction involves the sale of 6,21,146 equity shares of INR 10 each, representing a 51% stake in HALPG, currently held by Aegis Gas (LPG) Private Limited (AGPL), a wholly-owned subsidiary of Aegis Logistics. The consideration to be received by AGPL from AVTL is INR 7,01,60,71,920. Following the completion of the transaction, HALPG will no longer be a subsidiary of AGPL or a step-down subsidiary of Aegis Logistics.
Financial Impact
As of March 31, 2025, HALPG contributed approximately 2.49% to the turnover and 10.07% to the net worth of the company.
Related Party Transaction
The transaction qualifies as a related party transaction, since AVTL is an associate company. It will be conducted on an arm’s length basis. The expected completion date for the transaction is on or before January 15th, 2026.
Source: BSE
