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Aegis Vopak Terminals to Raise INR 1030 Crores via NCDs

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Aegis Vopak Terminals to Raise INR 1030 Crores via NCDs

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Aegis Vopak Terminals Limited ( (IN:AEGISVOPAK) ) has provided an update.

Aegis Vopak Terminals Limited, a company involved in the storage and handling of liquid bulk, has announced the approval of a proposal to raise funds through the issuance of Non-Convertible Debentures (NCDs) amounting to INR 1030 crores on a private placement basis. This strategic move is aimed at strengthening the company’s financial position and potentially enhancing its market operations. The NCDs are set to be listed on the NSE Limited, with a tenure of three years and a coupon rate of 7.20% per annum, indicating a structured approach to secure financial stability and growth.

More about Aegis Vopak Terminals Limited

Average Trading Volume: 32,703

Technical Sentiment Signal: Strong Buy

Current Market Cap: 303.8B INR

Learn more about AEGISVOPAK stock on TipRanks’ Stock Analysis page.

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