Aegis Vopak Terminals Limited has announced its proposal to acquire a 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL). The acquisition involves 48,000 equity shares. Following the completion of the acquisition, ATPL will become a subsidiary of Aegis Vopak Terminals Limited. The deal is expected to finalize on or before November 30, 2025.
Strategic Acquisition Announced
Aegis Vopak Terminals Limited has announced a strategic move to acquire a 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL). The proposal, approved by the Board of Directors on October 28, 2025, aims to enhance the company’s portfolio.
Deal Specifics
The acquisition involves purchasing 48,000 equity shares of ATPL. As a result of this acquisition, Aegis Terminal (Pipavav) Limited will become a subsidiary of Aegis Vopak Terminals Limited. The transaction is based on an arm’s length principle.
ATPL Overview
Aegis Terminal (Pipavav) Limited is in the business of providing storage and terminalling facilities for oil, chemicals, and petroleum products, although it has not yet commenced commercial operations. Incorporated on May 28, 2013, ATPL is based in India. As of March 31, 2025, ATPL reported a turnover of Nil.
Timeline and Consideration
The acquisition is expected to be completed on or before November 30, 2025. The consideration for the acquisition is in the form of cash.
Source: BSE
