abrdn Asia Marginally Reduces Stake in Aegis Logistics
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
MUMBAI, May 26, 2025 – abrdn Asia Limited, in its capacity as investment manager and adviser to various global funds, has made a minor adjustment to its holding in Aegis Logistics Ltd (NSE: AEGISLOG, BSE: 500003) through an open market sale.
Transaction Overview
On May 22, 2025, abrdn Asia executed the sale of 68,700 equity shares of Aegis Logistics, amounting to 0.0196% of the company’s total and diluted share capital. This move brought its holding down from 10,573,466 shares (representing 3.0124% of the voting capital) to 10,504,766 shares (2.9928%).
| Particulars | Before Transaction | After Transaction |
|---|---|---|
| Number of Shares Held | 10,573,466 | 10,504,766 |
| % of Voting Capital | 3.0124% | 2.9928% |
| Shares Sold | – | 68,700 |
| Mode of Sale | – | Open Market |
| Transaction Date | – | May 22, 2025 |
It is important to note that the overall issued and paid-up capital of Aegis Logistics remains unchanged at ₹351 crore, comprising 351,000,000 equity shares with a face value of ₹1 each.
Breakdown by Fund
The shares divested in the transaction were distributed across multiple global investment vehicles managed by abrdn:
- The India Fund, Inc. – 2,783,367 shares
- abrdn Asia Focus plc – 1,602,113 shares
- abrdn New India Investment Trust plc – 2,438,775 shares
- Asian Smaller Companies Fund – 418,065 shares
- Indian Equity Fund – 3,197,446 shares
- abrdn Sustainable Asian Opportunities Fund – 65,000 shares
The transaction was formally authorised and signed by Lyn Beaton, authorised signatory for abrdn Asia Limited, from Aberdeen, United Kingdom, on May 23, 2025.
About Aegis Logistics Ltd
Aegis Logistics Ltd is a prominent player in India’s oil, gas, and chemical logistics sector. The company operates under two core divisions – the Gas Terminal Division and the Liquid Terminal Division – delivering comprehensive infrastructure for the storage and distribution of LPG and other petroleum products.
Investor Perspective
This marginal stake reduction does not impact abrdn Asia’s classification as a non-promoter shareholder. The move appears to be part of regular portfolio rebalancing activity, a common practice among institutional investors. With its resilient business model and strategic infrastructure in place, Aegis Logistics continues to draw interest from long-term investors, reflecting confidence in its operational stability and growth prospects.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/9F4374A3_BD1E_4E66_9A76_B25214A05E46_112234.pdf
