Incorporation of Step-Down Subsidiary 'Aegis Energy Terminals Limited'
Subsidiary Aegis Vopak Terminals Ltd (AVTL) has incorporated a new wholly owned subsidiary, Aegis Energy Terminals Limited, making it a step-down subsidiary.
By ScoutQuest · · 1 min read
- Subsidiary Name
- Aegis Energy Terminals Limited
- Authorised Capital
- Rs. 10,00,000
- Paid-up Capital
- Rs. 5,00,000
- Shareholding
- 100% held by AVTL
- Business
- storage and terminalling for LPG, oil, petroleum and chemical products
What was announced
Aegis Vopak Terminals Limited (AVTL), a subsidiary of the company, has incorporated a new wholly owned subsidiary named Aegis Energy Terminals Limited. The Ministry of Corporate Affairs has issued the Certificate of Incorporation. The new company therefore becomes a step-down subsidiary of Aegis Logistics.
Key details
- Authorised share capital: Rs. 10,00,000 (Rupees Ten lakhs Only)
- Paid-up capital: Rs. 5,00,000 (Rupees Five lakhs only)
- Shareholding: 100% held by AVTL
- Country of incorporation: India
- Industry: storage and terminalling facility for LPG, oil, petroleum and chemical products
Context
The entity is newly incorporated and has not yet started operations, so it has no turnover history. No consideration, regulatory approval or acquisition cost is involved since this is an incorporation rather than an acquisition, and it is not a related party transaction.
How investors may read it
This is a structural step that adds a new entity within the group in the same line of business as the parent's terminalling operations. The amounts committed at incorporation are small.
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More numbers
- Authorised share capital of new subsidiaryRs. 10,00,000
- Paid-up capital of new subsidiaryRs. 5,00,000
- Shareholding held by AVTL100%
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