Aegis Vopak Terminals Limited Assigns Rights to Acquire Ammonia Storage Terminal
Aegis Vopak Terminals Limited entered into a Deed of Assignment with its subsidiary, Aegis Terminal (Pipavav) Limited (ATPL), on March 26, 2026. This agreement pertains to the assignment of rights for a specialized storage terminal for Ammonia at Pipavav Port to ATPL. The terminal has a static capacity of 36,000 MT.ATPL is a subsidiary of Aegis Vopak Terminals Limited, with the company currently holding an 86% equity stake. The company is in the process of transferring shares to Itochu Corporation.
The assignment is considered a related party transaction, but it was completed on an arms-length basis.
Details of the Agreement
The table below summarizes key details regarding the agreement:| Item for Disclosure | Description |
|---|---|
| Parties Involved | Aegis Terminal (Pipavav) Limited (ATPL) and Aegis Vopak Terminals Limited |
| Purpose | Assignment of rights to acquire a specialized Ammonia storage terminal at Pipavav Port to ATPL |
| ATPL Shareholding | ATPL is a subsidiary with the Company holding 86% of the Equity stake |
| Special Rights | Not Applicable |
| Related Party Transaction | Yes, on an arms-length basis |
| Other Disclosures | Not Applicable |
| Termination/Amendment | Not Applicable |
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