Aegis Vopak Terminals Limited announced its plan to acquire a 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL). This acquisition involves 48,000 equity shares of INR 10 each and will make ATPL a subsidiary of Aegis Vopak upon completion. The deal is expected to be completed on or before November 30, 2025, and it will bolster Aegis Vopak’s potential business activities.
Acquisition Announcement
Aegis Vopak Terminals Limited has formalized its intention to acquire a 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL). The decision was approved by the Board of Directors on October 28, 2025. Following the acquisition, ATPL will officially become a subsidiary of Aegis Vopak Terminals Limited.
Transaction Details
The acquisition encompasses 48,000 equity shares of INR 10 each, representing a 96% stake in ATPL. The consideration will be in the form of cash. The anticipated completion date for this acquisition is set for on or before November 30, 2025.
Target Company Profile
Aegis Terminal (Pipavav) Limited is involved in providing storage and terminalling facilities for oil, chemicals, and petroleum products. As of March 31, 2025, ATPL’s turnover was Nil, as it has yet to commence commercial operations. ATPL was incorporated on May 28, 2013.
Strategic Rationale
This acquisition is aimed at supporting potential business activities for Aegis Vopak Terminals Limited. The transaction is conducted at arm’s length and is a related party transaction involving Aegis Gas (LPG) Private Limited (AGPL), a promoter group company.
Source: BSE
