Published on Mon, Jan 25, 2010 at 20:39 | Source : CNBC-TV18
Updated at Mon, Jan 25, 2010 at 20:42
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Essar Group's BPO arm Aegis to issue IPO: Sources
The Essar Group is eyeing an initial public offer (IPO) for its BPO arm Aegis Global and is likely to raise about Rs 600-Rs 700 crore via the public issue, CNBC-TV18 reports quoting sources.
The Essar Group is eyeing an initial public offer (IPO) for its BPO arm Aegis Global and is likely to raise about Rs 600-Rs 700 crore via the public issue, CNBC-TV18 reports quoting sources. Aegis Global is learnt to have appointed Bank of America-Merrill Lynch and IL&FS as bankers for the IPO.
When it comes out, Aegis Global would be the first IPO coming from the Essar stable in 15 years. The last IPO from the group, Essar Oil, came way back in 1995.
Essar Group was not immediately available for comment on the developments.
Disclaimer:
This information is source-based and may not have been provided to the stock exchanges
