Last checked at 11 Jul 2008 12:50
| Immediate Release | 11 July 2008 |
KSK Power Ventur plc ("KSK")
Indian subsidiary listing date
KSK Power Ventur plc (AIM: KSK.L), the power project company listed on AIM, with interests in multiple power plants across India, is pleased to announce that further to its announcement dated 17 June 2008 and the successful completion of the IPO in India of its subsidiary KSK Energy Ventures Limited ("KSKEV"), it is anticipated that the equity shares of KSKEV will be listed and traded on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited from 14 July 2008.
Under the KSKEV pre-IPO & the IPO offering KSKEV issued a total of 51.917 million equity shares at price of Rs.240/- per share, raising Rs.12,460 million (approximately US$ 288.6m). Following completion of the IPO, KSK will hold 55.24% of KSKEV.
Exchange rate conversion assumed at 1 USD = Rs. 43.17
For further information please contact:
KSK Power Ventur plc +91 40 2355 9922
S.Kishore, Executive Director
K.A.Sastry, Executive Director
Adrian Partners plc +44 (0) 20 7398 1632
Richard Day / Adrian Trimmings
Buchanan Communications +44 (0) 20 7466 5000
Mark Edwards / Ben Willey