Kolkata, Jan 23 (IANS) Logistics and supply chain company Aqua Logistics Limited (ALL) plans to acquire majority stake in 3PL (third party logistics service provider) companies in South East Asia as part of its business expansion plans, a company official said here Saturday.

The company wants to establish four more offices in the country and an office in Dubai to explore business opportunities in the region, company vice president M.S. Sayad said at a press conference.

'Dubai serves as an important trade link to Europe and an office there will help the company's business expansion in the entire region,'

Sayad also said the company would enter the capital market with its Initial Public Offering (IPO) of Rs.150 crore. The issue would open Jan 25 and close Jan 28.