Aegis plans $300-400 mn IPO

Aegis Ltd, the backoffice services firm of Essar Group, is planning to raise between $300 million and $400 million through an initial public offering (IPO), the company's global CEO said on Thursday.

Aegis Ltd, the backoffice services firm of Essar Group, is planning to raise between $300 million and $400 million through an initial public offering (IPO), the company's global CEO said on Thursday.

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Aegis is looking at a likely listing of shares in the US, the UK or India, Aparup Sengupta said.

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.