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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.
Royal Vopak
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Aegis Logistics invests 300 crore in subsidiary ahead of IPO plans
Indian Rupee
Aegis Vopak Terminals Limited
AEGIS LOGISTICS LIMITED
Royal Vopak
IND
Michiel Gilsing
Royal Vopak
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04:51 01.11.2024
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