Aegis Vopak assigns ammonia terminal rights to subsidiary ATPL | Business Upturn

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Aegis Vopak Terminals Limited has executed a deed of assignment with its subsidiary, Aegis Terminal (Pipavav) Limited (ATPL), to transfer rights to acquire a specialised ammonia storage terminal at Pipavav Port. This strategic move was finalised on 26 March 2026.

The agreement allows ATPL to acquire the ammonia storage terminal, which boasts a static capacity of 36,000 metric tonnes. This assignment is part of Aegis Vopak’s broader strategy to optimise its asset management and leverage subsidiary capabilities.

Aegis Vopak holds a significant equity stake in ATPL, owning 96% of its shares. An ongoing share transfer to Itochu Corporation is expected to adjust Aegis Vopak’s stake to 86%, maintaining its majority control.

The transaction is classified as a related party transaction, conducted on an arm’s length basis, ensuring compliance with regulatory standards.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Aegis Terminal Pipavav Aegis Vopak Terminals Itochu Corporation