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 (₹6,717 crore) via its subsidiary. Tristar reported US$1.4 billion revenue in FY25. The acquisition is expected to complete by Q4 FY27, subject to regulatory approvals. This move aims to boost profitability and provide strategic benefits.
The acquisition involves a substantial investment of US$809 million and targets a company with significant global operations and financial performance (US$1.4 billion revenue in FY25), representing a major strategic move for Aegis Logistics.
The acquisition of Tristar Holdings is expected to significantly enhance Aegis Logistics' profitability and strategic positioning in the global liquid logistics market, indicating a positive development for the company.
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. A definitive Share Purchase Agreement has been executed for this transaction.
Tristar Holdings Limited is an integrated liquid logistics solutions provider offering end-to-end services including maritime logistics, road transport, fuel tank storage, fuel distribution, and aviation fueling. Incorporated in Dubai, Tristar operates in over 30 countries globally. For the fiscal year ending December 31, 2025, Tristar reported consolidated revenue of approximately US$1.4 billion (₹11,620 crore), EBITDA of approximately US$257 million (₹2,134 crore), and a net profit of approximately US$82 million (₹681 crore).
The acquisition is structured as a cash consideration of US$809 million (₹6,717 crore) for the 89.8% equity stake, which includes contingent and deferred consideration. This transaction is not a related party transaction, and the 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 acquisition is subject to regulatory approvals, including those under applicable competition and anti-trust laws, and the satisfaction of customary closing conditions. The company anticipates the completion of the acquisition in the fourth quarter of fiscal year 2027 (Q4 FY27). Aegis Logistics Limited's website, www.aegisindia.com, will also host this announcement.
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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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