At its board meeting, Aegis Logistics directors of Aegis Logistics have sanctioned the draft arrangement scheme between Hindustan Aegis LPG (HALPG) and the company whereby the throughput activity undertaking of HALPG will be demerged to and vested in the company with effect from appointed date Apr. 01, 2007, subject to requisite approvals.

Aegis Logistics (ALL) was established in 1956. It commenced business as a chemical maker in 1967. The company ventured into the logistic segment in 1996-97 and diverted their chemical making section in the year 2005.

At present, the company offers quality logistic facility at the Mumbai Port with storage facility at this location for liquid and gas.

Shares of the company were last trading up Rs 2.45, or 1.70%, at Rs 146.90. Total volume of shares traded at the BSE was 1,760 (10.14 a.m, Monday).