Business
India's Aegis Vopak Terminals rises 3% in trading debut
India's Aegis Vopak Terminals rises 3% in trading debut

About this update from Aegis Vopak Terminals Limited
** Aegis Vopak Terminals NSE:AEGISVOPAK climbs 3% to 242 rupees on first day of trading ** AEGI is a JV between Dutch tank storage firm Vopak EURONEXT:VPK and India's Aegis Logistics NSE:AEGISLOG ** Its ~$328 million IPO was subscribed 2.09 times; portion set aside for qualified institutional buyers subscribed 3.3 times ** Anchor investors bought shares worth 12.6 billion rupees ahead of bids on May 23 ** IPO issue price was at 235 rupees; stock opened at 220 rupees amid broader market weakness ** Co valued at $3.14 billion as of 2:41 p.m. IST
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