Aegis Logistics zooms on inking pact to buy 89.8% stake in Tristar for $809 million
Aegis Logistics is currently trading at Rs. 1478.00, up by 86.00 points or 6.18% from its previous closing of Rs. 1392.00 on the BSE.
The scrip opened at Rs. 1409.75 and has touched a high and low of Rs. 1499.50 and Rs. 1381.75 respectively. So far 158503 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1528.00 on 22-Sep-2026 and a 52 week low of Rs. 576.00 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,499.50 and Rs. 1366.10 respectively. The current market cap of the company is Rs. 52141.05 crore.
The promoters holding in the company stood at 58.10%, while Institutions and Non-Institutions held 23.13% and 18.78% respectively.
Aegis Logistics, through its step-down 100% subsidiary -- Aegis Logistics International, has entered into a definitive agreement under which the company proposes to acquire 89.8% of Tristar Holdings (Tristar) from Agility Tristar, Gulf Investment Corporation and Diamond Holdings for an equity consideration of $809 million (including contingent and interest for deferred consideration). The acquisition is expected to be completed in Q4 FY27. The proposed acquisition is subject receipt of regulatory approvals under the applicable competition and anti-trust laws and satisfaction of customary closing conditions.
The board of directors of the company, at its meeting held on October 13, 2026, has approved the proposed acquisition. The acquisition is expected to create an immediate contribution to overall profitability and also provides important long-term strategic benefits for the company.
Established in 1998, Tristar is an integrated liquid logistics solutions provider offering end-to-end liquid logistics services including maritime logistics, road transport, fuel tank storage, fuel distribution and aviation fuelling. Tristar is incorporated in Dubai and has operations in 30+ countries globally.
