Aegis Vopak Terminals Limited has finalized the acquisition of the remaining 75% equity stake in Hindustan Aegis LPG Limited (HALPG). The transaction involves purchasing shares from Aegis Gas (LPG) Private Limited (51%) and Vopak India B.V. (24%). With this acquisition, Aegis Vopak now holds 100% ownership of HALPG, streamlining operations and enhancing its market position in the LPG sector.
Complete Ownership of Hindustan Aegis LPG
Aegis Vopak Terminals Limited has completed a significant acquisition, securing the remaining 75% equity stake in Hindustan Aegis LPG Limited (HALPG). This strategic move consolidates Aegis Vopak’s control over HALPG, simplifying operational management and creating opportunities for synergy.
Details of the Transaction
The acquisition involves purchasing equity shares from two entities: Aegis Gas (LPG) Private Limited (AGPL), representing a 51% stake, and Vopak India B.V., representing a 24% stake. This transaction, formalized through a Share Purchase Agreement (SPA) dated January 02, 2026, was initially disclosed on October 29, 2025, and subsequently approved by shareholders via postal ballot on December 01, 2025.
Key Terms and Implications
Under the terms of the agreement, Aegis Vopak now holds 100% ownership of HALPG. This acquisition grants Aegis Vopak the right to appoint a nominee director to the board of HALPG, effective from the date of share purchase. The transaction was conducted on an arm’s length basis, determined by an independent valuation.
Source: BSE
