Aegis planning $300-$400 mn IPO: CEO

Aegis,the back office services firm of the Essar Group,is planning to raise funds.

Written by Agencies | Mumbai | Published:February 16, 2012 12:26 pm

Aegis Ltd,the back office services firm of the Ruia-led Essar Group,is planning to raise funds between $300 million and $400 million through an initial public offering (IPO),the company’s global CEO said on Thursday.

Aegis is looking at a likely listing of shares in the United States,the United Kingdom or India,Aparup Sengupta said at an industry event.

The company is planning to raise the funds to expand its business and invest in research and development,but no timeline has been set for the IPO,he said.

Stocks More on Aegis

Company INFO More on Aegis

Video of the day

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results