Stock Report

Aegis Logistics Limited to transfer liquid storage units at Haldia Dock Complex



Posted On : 2021-12-01 21:10:10( TIMEZONE : IST )

Aegis Logistics Limited ('Company') and Aegis Vopak Terminals Limited (formerly known as Aegis LPG Logistics (Pipavav) Ltd) ('AVTL') have entered into a business transfer agreement dated 30th November, 2021 wherein the Company has agreed to transfer the liquid storage units of the Company located at Haldia Dock Complex, Mouza-Chiranjibpur, Dist. Midnapore (Purba Medinipur) ('Haldia Undertaking'), by way of a slump sale, as a 'going concern' to AVTL.

The revenue / income from the Haldia Undertaking for FY 2020 - 2021 is INR 27.01 Crores (3.83% of revenue / income of the Company on Standalone basis for FY 2020-2021). Net-worth (based on gross value of assets) relating to the Haldia Undertaking as on 31st March 2021 was INR 197.09 Crores.

A lump sum consideration of INR 240 Crores (Rupees Two Hundred and Forty Crores only) will be received by the Company for the slump sale of the Haldia Undertaking as a going concern, [subject to customary adjustments as provided in the BTA].

Shares of Aegis Logistics Limited was last trading in BSE at Rs. 234.10 as compared to the previous close of Rs. 229.40. The total number of shares traded during the day was 111909 in over 3304 trades.

The stock hit an intraday high of Rs. 238.50 and intraday low of 230.25. The net turnover during the day was Rs. 26278104.00.

Source : Equity Bulls

Keywords

AegisLogisticsLimited INE208C01025 LiquidStorageUnits HaldiaDockComplex