Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
Aegis Logistics plans to submit the draft red herring prospectus (DRHP) for its terminal business, Aegis Vopak Terminals, by September. The aim is to raise around ₹4,500 crore through this IPO, potentially valuing the business at over ₹35,000 crore, according to CNBC-TV18 sources.
The company is targeting to launch the IPO by late 2024. The majority of the funds raised are expected to be used for business expansion.
Aegis Logistics owns 51% of Aegis Vopak Terminals, with the remaining 49% held by the Dutch multinational Royal Vopak.
Aegis Logistics is a key player in India's oil, gas, and chemical logistics sector, operating bulk liquid handling terminals, LPG terminals, and gas stations.
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