ITOCHU Corporation enter into Share Purchase Agreement to acquire 10% stake in Aegis Terminal Limited from Aegis Vopak Terminals Limited for approximately INR 800 million.

ITOCHU Corporation (TSE:8001) enter into Share Purchase Agreement to acquire a 10% stake in Aegis Terminal (Pipavav) Limited from Aegis Vopak Terminals Limited (NSEI:AEGISVOPAK) for approximately INR 800 million on March 26, 2026. A cash consideration will be paid by ITOCHU Corporation. As part of consideration, an undisclosed value is paid towards common equity of Aegis Terminal (Pipavav) Limited.

On completion of sale of shares, Aegis Vopak Terminals Limited will continue to hold 86% of equity stake.

For the period ending March 31, 2025, Aegis Terminal (Pipavav) Limited reported total revenue of INR 0.2 million.

The transaction will be completed on or before April 15, 2026.