Aegis Logistics to Acquire 89.8% Stake in Tristar Holdings for US$809 Million
Aegis Logistics will acquire an 89.8% stake in Tristar Holdings for US$809 million (₹6,728 crore) via its subsidiary. Tristar, an integrated liquid logistics provider, reported US$1.4 billion (₹11,634 crore) revenue in FY25. The acquisition is expected to be completed in Q4 FY27.
The acquisition of a significant stake in a large international company with substantial revenue and EBITDA will have a material impact on Aegis Logistics' business operations and financial performance.
The acquisition is expected to immediately contribute to profitability and provide long-term strategic benefits, indicating a positive outlook for Aegis Logistics.
Aegis Logistics Limited announced today, October 13, 2026, that its Board of Directors has approved the acquisition of an 89.8% stake in Tristar Holdings Limited ("Tristar") through its wholly-owned step-down subsidiary, Aegis Logistics International Pte Ltd, Singapore. The company has also executed a definitive Share Purchase Agreement for this transaction.
Tristar Holdings is an integrated liquid logistics solutions provider with operations in over 30 countries. For the fiscal year ended December 31, 2025, Tristar reported consolidated revenue of approximately US$1.4 billion (₹11,634 crore), EBITDA of approximately US$257 million (₹2,137 crore), and a net profit of approximately US$82 million (₹682 crore). The company was established in 1998 and offers end-to-end liquid logistics services including maritime logistics, road transport, fuel tank storage, fuel distribution, and aviation fueling.
The acquisition is a cash consideration of US$809 million (₹6,728 crore) for the 89.8% stake, which includes contingent and deferred consideration. This transaction is not a related party transaction, and the promoter or promoter group has no interest in Tristar.
The acquisition is expected to contribute immediately to Aegis Logistics' overall profitability and provide significant long-term strategic benefits. The transaction is subject to regulatory approvals under applicable competition and anti-trust laws and the satisfaction of customary closing conditions. The acquisition is anticipated to be completed in the fourth quarter of fiscal year 2027.
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Aegis Logistics Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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