SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Aegis Logistics sells 40% stake in Singapore based WOS for $5.85 million

27 Oct 2014 Evaluate

Aegis Logistics has now completed all the necessary formalities and executed all transaction documents for completion of Joint Venture and selling 40% of its equity ownership in its wholly owned subsidiary, Aegis Group International, Singapore, to ITOCHU Petroleum Co., (Singapore) for a total consideration of $5.85 million.

The new joint venture with ITOCHU Corporation will enable the company to significantly expand and scale up its LPG division by allying with one of the gas majors in the world. This should result in a sizeable boost to Aegis’ sales growth, earnings and size in the medium term.

Aegis Logistics Share Price

721.85 -17.60 (-2.38%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 222.80
Adani Enterprises 2505.65
Amrapali Industries 18.21
Rashi Peripheral 530.50
PDS 300.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×