Aegis Logistics clarifies on Tristar acquisition news report
AEGISLOG · price
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On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 1.9 pts less than its Gas peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Aegis Logistics responded to a news report about acquiring UAE-based Tristar for about USD 1.5 billion. The company said it regularly evaluates strategic opportunities in the ordinary course of business, but no definitive or binding agreement or MOU has been executed. The Board has not approved any potential transaction requiring disclosure. The company will make appropriate disclosures as and when there are material developments under SEBI LODR Regulations 2015.
Acquisition not confirmed; talks only at preliminary stage. Stock may react to any future confirmed deal or remain volatile on speculation.