Aegis Logistics is planning to file the red herring prospectus for its terminal business - Aegis Vopak Terminals - by September, to raise nearly Rs 4,500 crore through a public issue that could value the business at over Rs 35,000 crore, sources told CNBC-TV18.
The logistics player is hoping to launch the public issue by the end of 2024, it is learnt. It is likely that Aegis Vopak Terminals could use a majority of the funds raised through the public issue towards expansion of business.
Aegis Logistics holds 51 percent while Dutch multi-national Royal Vopak has 49 percent in Aegis Vopak Terminals.
Aegis Logistics is one of India's major oil, gas, and chemical logistics company that runs bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, and gas stations.
This is being updated
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