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The Economic Times
The Economic Times
Business
Veer Sharma

Aegis Logistics shares rise 3% after firm acquires 90% stake worth $809 million in Tristar Holdings

Aegis Logistics Aegis TriStar

Shares of Aegis Logistics gained nearly 3% to Rs 1,430 on the BSE on Wednesday after the company agreed to acquire an 89.9% stake in Tristar Holdings for an equity consideration of $809 million through its step-down subsidiary.

In an exchange filing on Tuesday, Aegis Logistics said its wholly owned step-down subsidiary, Aegis Logistics International Pte, had signed a definitive agreement to acquire the stake from Agility Tristar Holdings Ltd., Gulf Investment Corporation and Diamond Holdings Ltd.

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