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Aegis Logistics to Transfer Liquid Storage Units at Haldia Dock Complex

Aegis Logistics Limited ('Company') and Aegis Vopak Terminals Limited (formerly known as Aegis LPG Logistics (Pipavav) Ltd) ('AVTL') have entered into a business transfer agreement dated 30th November, 2021 wherein the Company has agreed to transfer the liquid storage units of the Company located at Haldia Dock Complex, Mouza-Chiranjibpur, Dist. Midnapore (Purba Medinipur) ('Haldia Undertaking'), by way of a slump sale, as a 'going concern' to AVTL.

 

The revenue / income from the Haldia Undertaking for FY 2020 - 2021 is INR 270.1 million (3.83% of revenue / income of the Company on Standalone basis for FY 2020-2021). Net-worth (based on gross value of assets) relating to the Haldia Undertaking as on 31st March 2021 was INR 1970.9 million.

 

A lump sum consideration of INR 2.40 billion will be received by the Company for the slump sale of the Haldia Undertaking as a going concern, [subject to customary adjustments as provided in the BTA].

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