Shares of Aegis Logistics Ltd traded flat on eleventh July after touching a day’s excessive of Rs 755.90, following the corporate’s announcement that it had executed a Enterprise Switch Settlement (BTA) with its affiliate, Aegis Vopak Terminals Restricted (AVTL), to switch its newly commissioned LPG cryogenic terminal at Pipavav. The transaction, accomplished on tenth July, 2025, was structured as a droop sale on a going-concern foundation.
The Pipavav LPG terminal, with a storage capability of 48,000 metric tonnes, was commissioned on third July, 2025. Because it grew to become operational after thirty first March, 2025, it didn’t contribute to the corporate’s turnover or internet value for that monetary yr.
Aegis Logistics bought the terminal to Aegis Vopak Terminals for Rs 428.4 crore in money. Though it’s a related-party transaction, the deal was carried out on an arm’s-length foundation. Subsequently, it doesn’t fall beneath a Scheme of Association or qualify as an “enterprise” beneath the SEBI LODR guidelines.
The corporate said that the transfer is geared toward consolidating LPG operations beneath Aegis Vopak. It will improve synergies and meet the rising demand at Pipavav Port. There’s no change within the firm’s shareholding sample as a result of switch.
At 11:42 AM, the shares of Aegis Logistics have been buying and selling 0.70% decrease at Rs 742.55 on NSE.
Unicorn Indicators leverages superior AI expertise to offer you highly effective market predictions and actionable inventory scans. Obtain the app right this moment and 10x your buying and selling & investing journey!
