New Delhi, Oct. 19 -- Aegis Logistics Ltd. is in talks with banks including BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co. about raising funds for its acquisition of Dubai-based Tristar Holdings Ltd., people familiar with the matter said.

The Indian logistics company is considering raising at least $300 million of foreign-currency debt, as well as around $250 million to $300 million through an equity offering known as a qualified institutional placement, according to the people, who asked not to be identified because the discussions are private.

The QIP may be launched in the coming months, the people said, adding that Aegis might also use some cash on its balance sheet for the purchase. The acquisition is expected to be com...