Indian Subsidiary Financial Results (under Indian GAAP) for the Quarter ended 30 September 2012 KSK Power Ventur plc ("the Company"), the power project company listed on the London Stock Exchange, with interests in multiple power plants and businesses across India, is pleased to announce that its Indian subsidiary, KSK Energy Ventures Limited ("KSKEV"), the equity shares of which are listed and traded on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE"), has filed with the NSE and BSE on 3 November 2012, its un-audited financial results for the three months ended 30 September 2012. Full details of the KSKEV un-audited results are available on the KSKEV website (www.ksk.co.in) and the NSE website (www.nseindia.com) and the BSE website (www.bseindia.com).
Completion of Tender Offer for shares of Indian Subsidiary Further to the announcement dated 17th May 2011 and 5th October 2011, KSK Power Ventur plc (KSK.L), the power project company listed on the London Stock Exchange, with interests in multiple power plants and businesses across India, is pleased to announce that it has received the certificate confirming the completion of its tender offer at a price of Rupees 125 per share to acquire up to an additional 20 per cent of the shares in KSK Energy Ventures Limited ("KSKEV"), its Indian subsidiary listed on the National Stock Exchange of India Limited ("NSE") and the Bombay Stock Exchange Limited ("BSE"). A total of 74,526,091 shares in KSKEV have been acquired, mostly by the Indian subsidiary, under the tender offer and in total KSK Group now owns 279,232,677 shares in KSKEV, representing 74.94 per cent of the issued share capital of KSKEV, through the following companies
KSK Power Ventur (KSK), the India focused company with interests in multiple power plants, saw pre-tax profits increase 127% to 52.5 million dollars on the back of a 329% increase in revenue to 226.8 million dollars for the year ended 31st March 2011. Growth was led by the successful commission on new power assets, with operating capacity more than doubling to 933 MegaWatts (MW). The group now has projects under construction with a total capacity aggregating to 3,720 MW, and boasts an increase in cash deposits from 2010 of 33% to 367.1 million dollars. KSK share jolted 15p to 590p.
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