Aegis Logistics Limited CC-Jun24.pdf · 2024-07-31
Great. So I think this question has been partly answered earlier. I'm referring to the news article that came out that you may be seeking to raise capital in the subsidiary, that AVTL. So I think you have clarified that it's not a done deal and you would be evaluating it on merit as and when the opportunity comes up. Am I right, so far?
Yes. So I just wanted to convey something from the market side. Is that -- as investors, if you pursue that part, I mean, what the -- it's good that you are -- it's good that you need the capital because you are actually seeing an opportunity. But it's not so good from the investor standpoint, from a minority shareholder standpoint because then we get confused whether to own AVTL or to own the parent co, the Holdco. So -- I mean this is just a suggestion from my side. And I speak on behalf of a lot of people who otherwise would not speak up. Is that -- it would be so much better if you retain that in the consolidated hold and raise money in the Holdco. There is no shortage of capital for the Holdco and the other partner brings their money from their markets and the JV is being capitalized. That would be a suggestion and a request from our side. You may please like to consider that?