Aegis planning $300-$400 mln IPO: CEO

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

Aegis is looking at a likely listing of shares in the United States, the United Kingdom or India, Aparup Sengupta said at an industry event.

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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.

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