ALAegis Logistics500003Acquisition deal news

Board approves proposed acquisition of 89.8% stake in Tristar Holdings via 100% step-down subsidiary

Board approved proposed acquisition of 89.8% stake in Tristar Holdings Ltd.

By ScoutQuest · Tue 13 Oct 2026, 11:09 PM IST · 2 min read

Stake Acquired

89.8% stake in Tristar Holdings Ltd

Cash Consideration

US$ 809mn, incl. contingent and interest for deferred consideration

Target FY25 Net Profit

c.US$ 82mn

What the board approved

• The board of Aegis Logistics Ltd met on Tuesday, October 13, 2026, from 09:40 p.m. to 10:00 p.m. IST and approved the proposed acquisition of 89.8% stake in Tristar Holdings Limited.
• The purchase is to be made through the company's 100% step-down subsidiary, Aegis Logistics International Pte Ltd, Singapore.
• The board also approved the execution of a definitive Share Purchase Agreement.
• The transaction is not a related party transaction, and the promoter/promoter group does not have any interest in the entity whose securities are being acquired.

Deal consideration

• The nature of consideration is cash.
• Equity consideration of US$ 809mn for acquisition of the 89.8% stake in Tristar, including contingent and interest for deferred consideration.
• On the objects and effects, the acquisition is expected to create an immediate contribution to overall profitability and also provides important long-term strategic benefits.

What is being acquired — Tristar Holdings Limited

• An integrated liquid logistics solutions provider offering end-to-end liquid logistics services including maritime logistics, road transport, fuel tank storage, fuel distribution and aviation fueling.
• Established in 1998, incorporated in Dubai, with operations in 30+ countries globally.
• The industry is storage and transport infrastructure, and distribution for liquid fuels.
• Consolidated revenue from operations for the previous three fiscal years (ending 31 December):
• FY2023: US$ 1,089mn
• FY2024: US$ 1,220mn
• FY2025: US$ 1,401mn
• For the fiscal year ended Dec 31, 2025, Tristar generated c.US$ 1.4bn of revenue, c.US$ 257mn of EBITDA and c.US$ 82mn of net profit on a consolidated basis.

Approvals and timeline

• The proposed acquisition is subject to receipt of regulatory approvals under the applicable competition and anti-trust laws and satisfaction of customary closing conditions.
• The acquisition is expected to be completed in Q4 FY27.

What a retail investor can track here

• This is a board approval of a proposed acquisition, not a completed one. The update sets out the stake, the cash consideration, the expected closing window and the regulatory approvals still required.
• The disclosure gives the target's scale — revenue, EBITDA and net profit for fiscal 2025, plus three years of consolidated revenue — so the size of the business being bought can be judged alongside the US$ 809mn consideration.
• The stated expectation is an immediate contribution to overall profitability along with long-term strategic benefits; whether that plays out would depend on the acquisition closing as proposed.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev