Aegis Vopak Terminals Limited Enters Deed of Adherence for HALPG Acquisition
Aegis Vopak Terminals Limited executed a Deed of Adherence on February 13, 2026, to acquire 75% of Hindustan Aegis LPG Limited (HALPG) shares. The acquisition, previously agreed upon in an SPA, makes HALPG a subsidiary. The company gains the right to appoint nominee directors to HALPG's board.
The acquisition of a significant stake in HALPG is a material event for Aegis Vopak Terminals Limited, impacting its shareholding structure and business scope.
The company is furthering its acquisition of HALPG, which is a positive development for its business operations and strategic growth.
Aegis Vopak Terminals Limited (the Company) has announced the execution of a Deed of Adherence (DOA) on February 13, 2026, furthering a Share Purchase Agreement (SPA) initially disclosed on January 2, 2026. As per the SPA, Aegis Gas (LPG) Private Limited (AGPL) and Vopak India B.V. (Vopak) had agreed to transfer a total of 9,13,449 Equity shares, representing 75% of the share capital of Hindustan Aegis LPG Limited (HALPG), to the Company. The DOA was entered into by the Company, Aegis Logistics Limited (ALL), AGPL, Itochu Petroleum Co. Singapore Pte. Ltd, HALPG, and Vopak, adhering to the terms and conditions stipulated in the SPA.
As a result of the SPA, the Company holds a 75% Equity stake in HALPG, making HALPG its subsidiary. Furthermore, ALL and Vopak are promoters of Aegis Vopak Terminals Limited, holding 44.71% and 42.23% of its paid-up equity share capital, respectively. AGPL is also part of the Promoter group. The agreement grants the Company the right to appoint nominee Directors on the Board of HALPG, as outlined in the SPA read with the DOA. The transaction itself is not considered a related party transaction at "arms length" as per the disclosure requirements.
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Aegis Vopak Terminals 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aegis Vopak Terminals Limited. Read the original for the full detail.