Aegis Logistics Limited has informed the Exchange about execution of Share Purchase Agreement by AGPL and Vopak with AVTL in relation to Sale of Equity Shares of HALPG to AVTL.
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Aegis Logistics' wholly owned subsidiary AGPL has executed a Share Purchase Agreement on January 02, 2026 to sell its entire 51% stake (6,21,146 equity shares) in Hindustan Aegis LPG Limited (HALPG) to Aegis Vopak Terminals Limited (AVTL). Vopak India B.V. is simultaneously selling its 24% stake in HALPG to AVTL, taking AVTL's combined holding in HALPG to 75%. The aggregate deal value is approximately Rs 1,031.77 crore. The transaction follows shareholder approval obtained via Postal Ballot in December 2025 and is being done at arm's length based on an independent valuation. AVTL will also get the right to appoint a nominee director on HALPG's board effective from the date of share sale.
Aegis Logistics is exiting its LPG subsidiary business, which represents a significant divestment of a core vertical. The cash inflow of ~Rs 1,031 crore could strengthen the company's balance sheet and may be redeployed. The stock may react based on whether investors view the divestment proceeds and resulting business focus positively.