{
Royal Vopak

Companies

}
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001122334455554433221100

Aegis Logistics invests 300 crore in subsidiary ahead of IPO plans

Aegis Logistics has invested Rs 300 crore in its subsidiary Aegis Vopak Terminals (AVTL) through a preferential allotment, increasing its stake to 51.14%. This investment comes ahead of AVTL's planned Rs 4,000 crore IPO, driven by a 44% year-on-year growth in FY24 turnover, reaching Rs 417.93 crore, fueled by strong demand in the logistics and storage sector for gas and chemicals. Aegis Logistics, with a market capitalization of Rs 28,000 crore, aims to leverage this growth phase through its subsidiary.
Moneycontrol
Indian Rupee Aegis Vopak Terminals Limited AEGIS LOGISTICS LIMITED Royal Vopak IND Michiel Gilsing Royal Vopak Show more
Finance & Economy, Market Report
04:51 01.11.2024
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