Aegis Logistics’ board has approved investment in the equity shares of Aegis LPG Logistics (Pipavav), by way of acquisition upto 100% stake from its wholly owned subsidiary Aegis Gas (LPG). The board has also approved further investment of Rs 56,00,000 in the shares of Aegis LPG Logistics (Pipavav) by acquiring additional 4,60,000 equity shares of Rs 10 each and 1,00,000 Compulsory Convertible Preference Shares (CCPS) of Rs 10 each. The company plans for the next phase of growth through the direct subsidiary. The Board of Directors of the company at its meeting held on June 7, 2021, has considered and approved the same.
Aegis is India’s leading oil, gas and chemical logistics company. The company has five distinct but related business segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.
