Aegis Vopak Terminals is set to raise ₹3,500 crore through equity. The funds will be used to repay debt and expand operations. The IPO will dilute promoter holdings. Recent financials show strong revenue and profit growth. Expansion plans at Mangalore and Pipavav ports are underway. The company’s valuation is currently high but expected to normalize after debt repayment.
Metal shares surge as West Asia conflict fuels global aluminium price spike
Indian metal stocks saw a significant rise today. Aluminium manufacturers led the gains. The closure of the Strait of Hormuz due to the West Asia