Aegis Logistics shares jump 8% after signing agreement to acquire majority stake in Tristar Holdings

In a regulatory filing, Aegis Logistics said that it aims to acquire approximately 89.8% of Tristar Holdings from Agility Tristar Holdings, Gulf Investment Corporation and Diamond Holdings for an equity consideration of $809 million, including contingent and interest for deferred consideration.

Commenting on the development, Raj Chandaria, Chairman and Managing Director of Aegis Logistics, said, “The acquisition of Tristar will kick-off Aegis’ transformation from a domestically focused operator into an international energy logistics platform with significant global reach and expanded service offerings. The transaction will allow Aegis to benefit from greater scale, as well as business and geographic diversification. Furthermore, the acquisition will grant Aegis with access to an extensive network of blue-chip customers and premier industry partners within the Tristar ecosystem.”

Chandaria said the combination of Aegis and Tristar’s complementary capabilities is expected to unlock material synergies, contribute to overall profitability immediately and provide important long-term strategic benefits for Aegis.

Further, the proposed acquisition is subject to receipt of regulatory approvals under the applicable competition and anti-trust laws and satisfaction of customary closing conditions. The acquisition is expected to be completed in Q4 FY27.

Founded in 1998, Tristar is an integrated liquid logistics solutions provider offering end-to-end liquid logistics services, including maritime logistics, road transport, fuel tank storage, fuel distribution and aviation fueling.

Incorporated in Dubai, Tristar has operations in over 30 countries globally. For the fiscal year ended December 31, 2025, Tristar generated nearly $1.4 billion of revenue, $257 million of EBITDA and $82 million of net profit on a consolidated basis.

“This partnership brings together complementary strengths, capabilities and a shared vision for the future, creating significant opportunities to expand our reach and strengthen our position in the energy logistics sector. Together, we look forward to building a more competitive and globally connected business, while upholding our unwavering commitment to safety, operational excellence and delivering long-term value to our customers,” said Eugene Mayne, Founder and Group CEO at Tristar Group.

Aegis Logistics share price details

At 11:36 AM, Aegis Logistics shares were trading at ₹1,482.4 apiece on the National Stock Exchange, gaining 6.49%.

From the beginning of the year, Aegis Logistics shares have skyrocketed over 106%. Over a month’s time, the stock has jumped 11%, while it has surged 124% in the past six months.

Shares of the firm had hit a 52-week high of ₹1,528.70 on September 22, 2026, and a 52-week low of ₹576.10 on March 23, 2026.

The smallcap stock has a total market capitalisation of ₹51,754.95 crore as of October 14, 2026, according to data on the NSE.