India's Aegis Logistics rises after proposal to acquire Tristar Holdings for $809 million

Aegis Logistics

14/10/2026 06:51

** Shares of oil and gas logistics company Aegis Logistics AEGS.NS up 6.9% at 1,488.00 rupees--biggest pct jump in over two months
** Stock level highest in three weeks
** Co, via unit, signs agreement to acquire 89.8% of UAE-based liquid logistics company Tristar Holdings for equity consideration of $809 million
** Acquisition expected to help co with scale, business and geographic diversification, access to blue-chip customers and industry partners within Tristar ecosystem--Raj Chandaria, Chairman and Managing Director of Aegis Logistics
** Deal is expected to be completed in Q4 FY27
** YTD, shares up 106.76%

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))