Mumbai, Oct. 14 -- The acquisition carries an equity consideration of $809 million, including contingent payments and interest on deferred consideration.

The acquisition will be undertaken through Aegis Logistics International, the company's wholly owned step-down subsidiary. The definitive agreement provides for the purchase of the stake from Agility Tristar Holdings, Gulf Investment Corporation and Diamond Holdings. The transaction is subject to regulatory approvals under applicable competition and anti-trust laws and customary closing conditions. It is expected to be completed in Q4 FY27.

Established in 1998, Tristar is an integrated liquid logistics solutions provider offering maritime logistics, road transport, fuel tank storage, f...