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Aegis Logistics shares rose over 7% after it acquired a 90% stake in Dubai-based Tristar for $809 million.
Tristar handles the storage, transport and distribution of liquid fuels. Its services include shipping, fuel storage tanks, road transport and aviation refuelling.
The numbers: Tristar earned $1.4 billion in revenue in 2025. operating earnings (EBITDA) of $257 million and net profit of roughly $82 million for the year ended December 31, 2025.
Its revenue was higher than Aegis’s FY26 revenue of ₹8,333 crore, although the two figures cover different reporting periods.
Why it matters: Aegis’s management expects the acquisition to immediately boost overall profitability and is exploring further benefits from combining the two businesses.
The deal also marks a major shift for Aegis, taking it from a largely India-focused business to an international energy logistics company with a wider reach and more services.
