Aegis Logistics has agreed to sell a 51% equity stake in Hindustan Aegis LPG Limited (HALPG) to Aegis Vopak Terminals Limited (AVTL). The deal involves 6,21,146 equity shares. Additionally, Vopak India B.V. will sell 24% of its shareholding in HALPG to AVTL, bringing the total stake transferred to 75%. The sale agreement was formalized on January 2, 2026.
Stake Divestment in Subsidiary
Aegis Logistics, through its subsidiary Aegis Gas (LPG) Private Limited (AGPL), has finalized an agreement to divest a controlling stake in Hindustan Aegis LPG Limited (HALPG). The agreement, dated January 02, 2026, involves the sale of 6,21,146 equity shares, representing a 51% stake, to Aegis Vopak Terminals Limited (AVTL).
Additional Stake Sale
In addition to the 51% stake sale by AGPL, Vopak India B.V. will also divest 2,92,303 equity shares, representing 24% of HALPG’s shareholding, to AVTL. The combined stake sale will result in AVTL holding a significant portion of HALPG. The total consideration for the transaction is INR 1031,77,41,528.
Transaction Details
The Share Purchase Agreement (SPA) includes specific terms for the stake transfer. The transaction is based on an arm’s length principle and is supported by an independent valuation report.
Source: BSE
