Aegis Vopak Terminals has announced the signing of an agreement to acquire a 75% stake in Hindustan Aegis LPG Limited. This strategic acquisition marks a significant expansion move for the logistics company in the LPG terminal business.

Strategic Acquisition Details

The deal involves Aegis Vopak Terminals purchasing a controlling stake of 75% in Hindustan Aegis LPG Limited. This acquisition represents the company's strategic initiative to strengthen its foothold in India's energy infrastructure sector.

Business Expansion Strategy

This acquisition aligns with Aegis Vopak Terminals' growth strategy in the energy storage and logistics sector. The deal will provide the company with enhanced capabilities in the LPG terminal operations, potentially expanding its service offerings to customers in the energy sector.

The transaction demonstrates the company's commitment to building a stronger presence in India's growing energy infrastructure market, particularly in the LPG segment which plays a crucial role in the country's energy distribution network.

Aegis Vopak Terminals Limited has successfully executed a Share Purchase Agreement (SPA) dated January 02, 2026, marking a significant milestone in its acquisition of a 75% equity stake in Hindustan Aegis LPG Limited (HALPG). The company has formally entered into the agreement with Aegis Gas (LPG) Private Limited (AGPL), Vopak India B.V., and HALPG for the Rs 1,130 crore transaction.

Share Purchase Agreement Details

Transaction Structure and Governance

The Share Purchase Agreement provides Aegis Vopak Terminals with the right to appoint a nominee director on HALPG's board, effective from the date of share purchase completion. This governance provision will enable the company to have direct oversight of HALPG's operations and strategic direction.

The transaction has been structured as a related party transaction, with both AGPL and HALPG forming part of Aegis Vopak's promoter group, while Vopak India B.V. is one of the company's promoters. Despite the related party nature, the transaction has been determined based on an independent valuation report and is being conducted on an arm's length basis.

About Hindustan Aegis LPG Limited

HALPG, incorporated in 1994, specializes in the storage and terminalling of LPG and allied products. The company has demonstrated consistent growth in its operations:

Regulatory Compliance and Approvals

The acquisition process has followed all necessary regulatory procedures. The company had initially disclosed the acquisition proposal on October 29, 2025, followed by shareholders' approval through postal ballot on December 01, 2025. The execution of the Share Purchase Agreement represents the culmination of these regulatory processes.

The disclosure has been made pursuant to Regulation 30 of SEBI LODR read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full compliance with listing obligations.

Strategic Impact

Upon completion by January 15, 2026, HALPG will become a subsidiary of Aegis Vopak Terminals Limited. This acquisition will strengthen the company's position in the LPG storage and terminalling sector, particularly at the Haldia location in West Bengal. The move aligns with Aegis Vopak's strategy to expand its terminalling business, complementing its existing network of 20 tank terminals across six Indian ports with a total storage capacity of 1.7 million cubic meters for liquid storage and 201,000 MT for LPG.