14-Oct-2026 12:04:40
Aegis Logistics gains nearly 6% after agreeing to buy 89.8% of Tristar for $809 million
Aegis Logistics shares rose 6% to ₹1,474 after the company agreed to acquire an 89.8% stake in Dubai-based Tristar Holdings for $809 million. Tristar provides fuel transportation, storage, maritime logistics and aviation-fuelling services across more than 30 countries. For 2025, it reported $1.4 billion in revenue, $257 million in EBITDA and $82 million in net profit. The acquisition aims to transform Aegis from a domestic operator into a global energy logistics platform, subject to regulatory approvals.