Aegis Logistics to Buy 89.8% Stake in Dubai's Tristar for $809 Million
Aegis Logistics Limited (NSE:AEGISLOG) has signed an agreement to buy an 89.8% stake in Dubai-based Tristar Holdings Ltd for an equity value of $809 million, or approximately 7,700 crore Indian rupees. The deal will be carried out through Aegis Logistics International Pte Ltd, a wholly owned step-down subsidiary. The purchase price includes contingent payments along with interest on deferred consideration.
The acquisition expands the Indian oil, gas, and chemical storage firm beyond domestic operations into a global energy logistics platform covering more than 30 countries. Tristar provides maritime logistics, road transport, fuel storage, and aviation fuelling services. For calendar year 2025, Tristar reported consolidated revenue of $1.4 billion, EBITDA of $257 million, and net profit of $82 million. Aegis expects the transaction to boost profitability immediately while opening access to new customers and operational synergies.
Investors will track the transaction progress, which is targeted for completion in the fourth quarter of fiscal year 2027. Shares of Aegis Logistics Limited gained 6.98% to 1,489 INR following the announcement.
Key points
- Aegis Logistics Limited (NSE:AEGISLOG) signed an agreement to acquire an 89.8% stake in Dubai-based Tristar Holdings Ltd for $809 million.
- The transaction will be conducted through Aegis's wholly owned step-down subsidiary, Aegis Logistics International Pte Ltd.
- Tristar reported $1.4 billion in consolidated revenue, $257 million in EBITDA, and $82 million in net profit for calendar year 2025.
- The deal is expected to close in the fourth quarter of fiscal year 2027 and contribute immediately to Aegis's earnings.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
How much is Aegis Logistics paying for Tristar Holdings?
Aegis Logistics is acquiring an 89.8% stake in Tristar Holdings Ltd for an equity consideration of $809 million, which is approximately 7,700 crore Indian rupees.
When is the Aegis Logistics acquisition of Tristar expected to close?
The transaction is expected to be completed in the fourth quarter of fiscal year 2027.
What were Tristar Holdings' 2025 financial results?
For calendar year 2025, Tristar reported $1.4 billion in consolidated revenue, $257 million in EBITDA, and $82 million in net profit.