Thursday, 12 November 2026 IPO data updated 6 minutes ago

Aegis Logistics to Acquire Tristar for $809 Million

Aegis Logistics to Acquire Tristar for $809 Million

Aegis Logistics has signed a deal to acquire an 89.8% stake in Dubai-based Tristar Holdings for $809 million (approximately ₹7,200 crore). The acquisition aims to strengthen Aegis Logistics’ presence in the global energy logistics market and expand its international operations.

Tristar provides services such as fuel transportation, storage, distribution, and aviation fueling. The company operates in more than 30 countries. For the financial year ended December 2025, Tristar reported revenue of $1.4 billion and a net profit of $82 million.

The acquisition is expected to help Aegis Logistics expand into international markets, reach new customers, diversify its business, and improve profitability.

The deal is subject to regulatory approvals and is expected to be completed by Q4 FY27. Following the announcement, Aegis Logistics shares rose around 5% intraday on October 14.

The acquisition marks a major step in Aegis Logistics’ global expansion strategy and could strengthen its position in the energy logistics sector.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.