Aegis Logistics Ltd has acquired the throughput activity undertaking of Hindustan Aegis LPG Ltd. Upon approval of the scheme, one share of Aegis Logistics will be issued for every three Hindustan Aegis shares held. This will increase paid-up capital of Aegis to Rs 19.91 crore from Rs 16.31 crore.
Hindustan Aegis is promoted by Vitol SA, one of the world's largest independent oil and gas trading companies and the KM Chandaria Group. It has a gross asset base of over Rs 100 crore comprising 20,000 metric tonne gas terminal and related facilities.
The acquisition of gas terminal is to support the company's rapidly growing retail network of auto LPG stations, Aegis Autogas, in the country.
Aegis Logistics has also been allotted a suitable plot of land by Haldia Dock, Kolkata Port Trust to expand its core business of liquid logistics. This will be the third port after Mumbai and Kochi where Aegis will have operations.
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