Aegis Logistics Ltd

Aegis & Vopak Seal Major Stake Sale in HALPG for ₹1,031.77 Cr 💼📊

- AGPL (Aegis Gas) sells 6,21,146 equity shares (51% stake) in HALPG to AVTL.

- Vopak India sells 2,92,303 equity shares (24% stake) in HALPG to AVTL.

- Total transaction value: ₹1,031.77 crores.

- AVTL secures right to appoint a nominee director on HALPG’s board post-transaction.

- Deal based on independent valuation and conducted at arm’s length.

- Parties involved (AGPL, Vopak, AVTL) are not part of Aegis Logistics’ Promoter group.

- Transaction between AGPL and AVTL classified as related party but remains arm’s length.