Aegis Vopak Terminals Limited ("AVTL"), a material subsidiary of Aegis Logistics Limited (the "Company"), has filed the draft red herring prospectus dated 18th November, 2024 ("DRHP") with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited on 19th November, 2024, for the IPO of AVTL.
The IPO shall comprise a fresh issue of equity shares of face value ₹ 10 each of AVTL("Equity Shares"), for an amount aggregating up to ₹ 35,000 million(the "Issue") and will be undertaken subject to requisite approvals and market conditions.
In the event AVTL ceases to be a subsidiary of the Company pursuant to the IPO, the Company undertakes to obtain necessary approval from its shareholders in accordance with Regulation 24(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable laws. The approval from the shareholders of the Company, if required, would be obtained prior to filing of the red herring prospectus by AVTL with the Registrar of Companies, Gujarat at Ahmedabad.
Shares of Aegis Logistics Limited was last trading in BSE at Rs. 839.40 as compared to the previous close of Rs. 843.55. The total number of shares traded during the day was 20950 in over 1827 trades.
The stock hit an intraday high of Rs. 857.75 and intraday low of 832.00. The net turnover during the day was Rs. 17763813.00. |
