Aegis Logistics opens ₹6,000-crore share sale to investors
In short
Aegis Logistics opened a share sale for institutional investors at a floor price of ₹1,161.85 a share. The company can give up to a 5% discount and wants to raise money through a ₹6,000-crore issue.
What the reporting says
Aegis Logistics opened a share sale to institutional investors at a floor price of ₹1,161.85 per share. The company can offer a discount of up to 5% and is seeking funds through a previously approved ₹6,000-crore issue.
Why it matters
Aegis Logistics opened its share sale to institutional investors at a floor price of ₹1,161.85 per share. The company can offer up to a 5% discount and is aiming to raise money through a previously approved ₹6,000-crore issue. The move is relevant for investors watching the equity raise and for the company’s capital plans.