Oil and gas logistics provider Aegis Logistics today said it had acquired Shell Gas (LPG) India, following to which, the latter has become the subsidiary of the company. Aegis Logistics, in a filing to the Bombay Stock Exchange (BSE), said it had completed the acquisition of 32.3 million equity shares of Shell Gas (LPG) India. It, however, did not disclose the financial details of the transaction. The company, on December 31, had entered into a share purchase agreement with Shell Gas (LPG) India to acquire it.
Shell Gas (LPG) India Pvt Ltd has a gas infrastructure facility at Pipavav Port and a LPG filling plant in Gujarat. The company also carries out business of import and marketing of wholesale LPG. Aegis Logistics provides supply chain management services to the Indian petroleum and chemical industry by storing, moving and distributing petroleum and chemical products to the end user.