Aegis Logistics to sell its stake in Konkan Storage Systems Kochi Pvt Ltd

The Board of Directors of Aegis Logistics Limited in its meeting held today has approved the sale of entire equity holding of 1,00,000 equity shares of INR 10/- each of Konkan Storage Systems (Kochi) Private Limited ("KCPL"), wholly owned subsidiary of the Company to its other wholly owned subsidiary, Aegis Vopak Terminals Limited ("AVTL") at fair value of INR 18.5/- per equity share aggregating to INR 18,50,000/-. Pursuant to the aforesaid transaction, KCPL will cease to be a direct wholly owned subsidiary of the Company and will become a step down subsidiary of the Company.

Shares of Aegis Logistics Limited was last trading in BSE at Rs. 236.10 as compared to the previous close of Rs. 227.15. The total number of shares traded during the day was 141253 in over 4274 trades.

The stock hit an intraday high of Rs. 238.60 and intraday low of 227.25. The net turnover during the day was Rs. 33197612.00.

Source : Equity Bulls

Keywords

AegisLogistics INE208C01025 StakeSale KonkanStorageSystems