Tue, Feb 6, 2024 11:57 AM
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A Flip by Avya Verma
Just days after confirming plans for a Rs 4,000 crore IPO of logistics joint venture Aegis Vopak Terminals (AVTL), Aegis Logistics has invested Rs 300 crore in the subsidiary through a preferential allotment of shares, raising its stake to 51.14%.Aegis Logistics said, "The Board of Aegis Vopak Terminals Limited (AVTL), a material subsidiary has allotted 1.28 crore shares.
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Aditya Birla Asset Reconstruction Company is winding down its India operations, marking the latest exit of a fund-backed ARC from the country, as non-performing loans hit a 12-year low due to the Insolvency and Bankruptcy Code and the rise of the government-backed National Asset Reconstruction Company.
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📌Investors’ pullback from US tech stocks on lackluster corporate results extended into Asia Friday, weighing on region’s major markets. 📌Oil rallied on fresh Middle East concerns. 📌A region-wide equity index fell, with shares in Japan, South Korea & Australia declining. 📌Chinese benchmarks rose as private survey showed country’s manufacturing activity unexpectedly picked up last month.
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