Aegis Logistics Limited has informed the exchanges that its material subsidiary, Aegis Vopak Terminals Limited (AVTL), has received board approval for two major capital-raising initiatives.
- Private Placement: AVTL will conduct a preferential issue on a private placement basis to raise up to Rs 800 crore.
- Initial Public Offering (IPO): AVTL also plans an IPO with a fresh issue of equity shares, aiming to raise up to Rs 4000 crore, subject to regulatory approvals and market conditions. The IPO will involve equity shares with a face value of Rs 10 each.
Aegis Logistics has indicated that if AVTL ceases to be its subsidiary following the IPO, it will seek shareholder approval in compliance with SEBI regulations before AVTL files its red herring prospectus with the Registrar of Companies, Gujarat, at Ahmedabad.
