Aegis Logistics Limited announced that Aegis Vopak Terminals Limited (AVTL) has approved the acquisition of 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL) from Aegis Gas (LPG) Private Limited (AGPL). Following the completion of this acquisition, ATPL will no longer be a subsidiary of AGPL, and will cease to be a step-down subsidiary of Aegis Logistics. The transaction is expected to be completed by November 30, 2025.
Acquisition Approval
The Board of Directors of Aegis Vopak Terminals Limited (AVTL) has approved the acquisition of 96% of the equity stake in Aegis Terminal (Pipavav) Limited (ATPL). This decision was made at a meeting held on October 28, 2025.
Transaction Details
The acquisition involves AVTL purchasing 48,000 equity shares of INR 10 each in ATPL from Aegis Gas (LPG) Private Limited (AGPL), a wholly-owned subsidiary of Aegis Logistics Limited. The agreed consideration for the share transfer amounts to INR 4,80,000.
Impact of the Acquisition
Upon completion of the acquisition, ATPL will cease to be a subsidiary of AGPL and will no longer be recognized as a step-down subsidiary of Aegis Logistics Limited. The completion of the acquisition is expected to occur on or before November 30, 2025.
Financial Overview of ATPL
As of the latest financial year (FY 2024-25), ATPL reported a negative net worth of INR 1,98,053. The company has not yet commenced commercial operations, therefore, the turnover or revenue or income of ATPL is Nil.
Source: BSE
