Aegis Logistics to Acquire 89.8% Stake in Tristar Holdings for US$809 Million
Aegis Logistics will acquire 89.8% of Tristar Holdings for US$809 million, with completion expected in Q4 FY27, pending regulatory approvals. The company reported FY26 Normalized EBITDA of ₹1,599 crore and Profit After Tax of ₹1,107 crore. Its asset base includes 374,800 MT LPG storage and 2.5 million KL liquid storage as of June 30, 2026.
The acquisition of a majority stake in Tristar Holdings for a substantial amount (US$809 million) is a major corporate action that will significantly impact the company's scale, operations, and financial structure.
The acquisition of Tristar Holdings is a significant strategic move that is expected to expand Aegis Logistics' operations and market presence. The financial results for FY26 also show strong growth in EBITDA and profit.
Aegis Logistics Limited, through its step-down subsidiary Aegis Logistics International Pte Ltd, has entered into a definitive agreement to acquire approximately 89.8% of Tristar Holdings Limited from Agility Tristar Holdings Limited, Gulf Investment Corporation, and Diamond Holdings Limited. The equity consideration for this proposed acquisition is US$809 million, which includes contingent and deferred consideration.
This strategic acquisition is subject to the receipt of necessary regulatory approvals under applicable competition and anti-trust laws, as well as the satisfaction of customary closing conditions. The completion of the acquisition is anticipated in the fourth quarter of Fiscal Year 2027 (Q4 FY27).
The presentation also highlights Aegis Logistics' financial performance for FY26, reporting a Normalized EBITDA of ₹1,599 crore and Profit After Tax of ₹1,107 crore, with a Diluted Earnings Per Share of ₹25.59. The company's asset base stood at approximately 374,800 MT for LPG static storage capacity and about 2.5 million KL for liquid storage capacity as of June 30, 2026. In terms of operations for FY26, Aegis Logistics handled 5.2 MMT of LPG logistics volume and 754 KT of LPG distribution volume, achieving a throughput-to-static turns ratio of 79x.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Aegis Logistics Limited. Read the original for the full detail.