Mauritius-based private equity fund Infrastructure India Holdings Fund will take a 6% stake in Aegis Logistics Ltd, Reuters reported. The proceeds of the sale will help Aegis fund its port terminal infrastructure projects, Reuters said.
(Reuters) – Aegis Logistics Ltd will issue 6 percent stake to a Mauritius-based private equity fund Infrastructure India Holdings Fund LLC on a preferential basis.
It plans to offer more than 2 million shares at 322 rupees each, the firm said in an exchange filing over the weekend.
The infusion of funds into the company will be deployed in its port terminal infrastructure projects.
On Friday, its shares ended at 287.3 rupees. (Reporting by Swati Pandey; Editing by Rajesh Pandathil)