Aegis Vopak buys Cryogenic LPG Terminal at New Mangalore Port for Rs 671.3 crore
By Ankur Chandra | Published at: Jun 20, 2025 11:06 AM IST
Mumbai, June 20: Aegis Logistics Ltd (BSE: 500003, NSE: AEGISLOG) has announced that it has successfully executed a Business Transfer Agreement (BTA) between its wholly owned subsidiary, Sea Lord Containers Ltd (SCL) and associate firm Aegis Vopak Terminals Ltd (AVTL). The Business Transfer Agreement (BTA) is for the sale of its 82,000 MT Cryogenic LPG Terminal at New Mangalore Port. This transaction is compliant with Regulation 30 of SEBI (LODR) Regulations, 2015, and aligns with SEBI Master Circular dated November 11, 2024.
₹671.3 Crore Deal For Strategic Asset Realignment
In a regulatory filing dated June 19, 2025, the company disclosed that SCL has transferred its entire cryogenic LPG terminal to AVTL on a slump sale basis for a total consideration of ₹671.3 crore. The transfer has been executed as a going concern and is effective as of the date of signing the agreement.
Key Transaction Details
| Particulars | Details |
|---|---|
| Asset Transferred | Cryogenic LPG Terminal at New Mangalore Port |
| Storage Capacity | 82,000 MT |
| Buyer | Aegis Vopak Terminals Ltd (AVTL) |
| Seller | Sea Lord Containers Ltd (SCL) |
| Transaction Value | ₹671.30 crore |
| Mode of Transfer | Slump Sale (going concern basis) |
| Nature of Entities | SCL: Wholly owned subsidiary; AVTL: Associate Company |
| Related Party Transaction | Yes (at arm’s length) |
Strategic Implications For Aegis Group
The transaction signifies an internal consolidation of terminal assets under AVTL, a JV platform formed with Royal Vopak, enabling better operational and capital efficiency. With LPG infrastructure gaining importance in India’s clean energy roadmap, this move strengthens AVTL’s terminal portfolio and positions it as a dominant player in the LPG storage and distribution ecosystem. From a capital perspective, it enables a more focused investment strategy, potentially leading to more efficient deployment of capital for expansion and modernisation projects. This structured approach can also facilitate easier access to financing for large-scale infrastructure developments.
Share Price Effect
At around 9:35 AM on June 20, the shares of Aegis Logistics Ltd were trading at ₹800.25, down by ₹0.60 or 0.07%. It remains to be seen how the shares perform throughout the day and at what price they close at the end of today’s market session.
About the Companies
Aegis Logistics Ltd is a BSE and NSE-listed integrated logistics company engaged in gas and liquid logistics, storage, and distribution. It operates multiple terminals across key ports in India.
Sea Lord Containers Ltd (SCL) is a wholly owned subsidiary of Aegis Logistics, holding key cryogenic and liquid storage assets.
Aegis Vopak Terminals Ltd (AVTL) is a joint venture between Aegis and Royal Vopak of the Netherlands, focusing on expanding India’s LPG and chemical storage infrastructure.
The company has not issued any equity or taken on any debt for this transaction, and the terms remain standard, without any special rights, such as director appointments or capital restrictions.
REF: https://nsearchives.nseindia.com/corporate/AEGISCHEM_19062025235511_ALL_Filing_Mangalore_BTA_S.pdf
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