Aegis Logistics allotted land by Calcutta Port Trust, approves scheme of arrangement

Aegis Logistics Ltd has announced that the Company has been allotted a plot of land by Calcutta Port Trust at Haldia Port. The land is proposed to be used for future expansion in Liquid Logistics business.

The Board of Directors of the Company at its meeting held on August 10, 2007, has approved the Draft Scheme of Arrangement between Hindustan Aegis LPG Ltd (HALPG) and the Company whereby the Throughput Activity Undertaking of HALPG shall be demerged to and vested in the Company w.e.f. Appointed Date April 01, 2007 subject to requisite approvals.

The stock was trading at Rs.146, up by Rs.1.55 or 1.07%. The stock hit an intraday high of Rs.149 and low of Rs.145.15. The total traded quantity was 3908 compared to 2 week average of 21091.

Source : Equity Bulls

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