Aegis Vopak Terminals Limited Files Red Herring Prospectus for Proposed IPO of Up to INR 28,000 Million

Aegis Vopak Terminals Limited (AVTL), a material subsidiary of Aegis Logistics Limited, has filed the red herring prospectus (RHP) with the Registrar of Companies, Gujarat at Ahmedabad. The proposed initial public offering (IPO) comprises a fresh issue of equity shares worth up to INR 28,000 million, subject to necessary approvals and market conditions. As approved by the shareholders, AVTL may cease to be a subsidiary of the Company, resulting in the dilution of the Company's shareholding in AVTL to less than fifty percent (50%).