Board approves 96% purchase of Aegis Terminals Pipavav
AEGISVOPAK · price
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Board approved buying 96% (48,000 shares) of Aegis Terminals Pipavav from promoter-group firm Aegis Gas (LPG) for cash at INR 10 per share. The deal was stated to be at arm's length. Completion is targeted by November 30, 2025; no government approval is required. ATPL has not started operations and reported no turnover as of March 31, 2025.
The deal adds a 96%-owned subsidiary and future terminal capacity, but ATPL has no current turnover, so it brings no immediate earnings contribution.