Aegis Logistics Approves Rs 6,000 Crore Fundraise And Borrowing Limit

Board approved raising borrowing limit to Rs 6000 Cr, charge creation within limits, and fundraise up to Rs 6000 Cr via equity/debt/QIP etc in tranches, subject to shareholders special resolution. Novel shift from fortress balance sheet, self-funded growth to large external funding to support intensive terminal and pipeline capex cycle. Instrument, pricing, timing, use of proceeds and debt-equity mix undecided; needs EGM approval; dilution, leverage and execution overhang until details emerge.