Aegis Vopak Terminals Limited plans to acquire a 75% equity stake in Hindustan Aegis LPG Limited (HALPG) from Aegis Gas (LPG) Private Limited and Vopak India B.V. The acquisition includes 6,21,146 equity shares and 2,92,303 equity shares. Subject to shareholder approval, HALPG will become a subsidiary of Aegis Vopak upon completion of the acquisition, expanding its terminalling business at Haldia.
Acquisition Overview
Aegis Vopak Terminals Limited has announced a proposal to acquire a 75% equity stake in Hindustan Aegis LPG Limited (HALPG). The stake consists of 6,21,146 equity shares and 2,92,303 equity shares. The acquisition is subject to shareholders’ approval.
Details of the Acquisition
The shares are being acquired from Aegis Gas (LPG) Private Limited and Vopak India B.V. The acquisition is expected to be completed on or before January 15, 2026.
Strategic Rationale
The acquisition of HALPG will allow Aegis Vopak to expand its terminalling business at the Haldia location. HALPG is engaged in storage and terminalling of LPG and allied products and was incorporated on February 23, 1994.
HALPG’s Financial Performance
HALPG’s turnover for the last three financial years:
- 2022-23: INR 1,35,81,44,000
- 2023-24: INR 1,50,46,19,000
- 2024-25: INR 1,68,13,01,000
Consideration
The cost of acquisition is INR 11,295.3668223 per share. The form of consideration is cash.
Source: BSE
