Listing on cards for Aegis

MUMBAI, INDIA: Aegis Limited, Essar Group's business process outsourcing company recently announced that it is planning to  get listed at the stock exchange either in India or abroad by diluting 25-30 per cent of its stack..

“We are in talks with banks for planning the initial public offerings (IPO) and for that we may dilute the stake by 25-30 per cent,” said Aparup Sengupta, managing director and Global CEO. He was talking to media on side lines of quarterly results announcement of AGC Networks in Mumbai.

“The listing may done in India or abroad markets like the US or UK. The funds would be utilized for the business expansion and setting up new facilities in abroad,” he added. However, Sengupta didn't disclose the time frame for the company's listing.