5 Jun 2008 08:44
Immediate Release | 5 June 2008 |
KSK Power Ventur plc
('KSK' or 'The Company')
Pre IPO Equity Shares Subscription
KSK Power Ventur plc (AIM:KSK), the power project company with interests in multiple power plants across India, further to its announcement dated February 13, 2008, is pleased to announce the successful completion of Pre-IPO equity shares subscription of its Indian subsidiary, KSK Energy Ventures Limited (KSKEV). The total Pre-IPO allotment is for 17.306 million equity shares of Rs.10/- each at Rs.240 /- per share (equivalent to approx. USD 5.63) (at a premium of Rs.230/- per share). The total Pre-IPO subscription received amounts to Rs.4153.440 million (equivalent to approx. USD 97.43 million).
Details are given below:
Sl. No | Name and address of the allottees | No. of Equity shares (millions) | Amount (Million Rs.) |
1 | Macquarie Bank Limited , United Kingdom | 3.550 | 852.00 |
2 | Tree Line Asia Master Fund (Singapore) Pte Ltd, Singapore | 3.583 | 859.92 |
3 | Infrastructure Development Finance Company Limited, Mumbai, India | 3.125 | 750.00 |
4 | Axis Bank Limited, Mumbai, India | 2.624 | 629.76 |
5 | Universities Superannuation Scheme Limited, United Kingdom | 1.800 | 432.00 |
6 | GE Capital International (Mauritius) Mauritius | 2.624 | 629.76 |
Total | 17.306 | 4153.44 |
Exchange rate conversion assumed at 1 USD=Rs.42.63
For further information please contact:
KSK Power Ventur plc | +91 40 2355 9922 |
S. Kishore, Executive Director | |
K.A.Sastry, Executive Director | |
Buchanan Communications | +44 (0) 20 7466 5000 |
Mark Edwards / Ben Willey | |
Arden Partners plc | +44 (0) 20 7398 1632 |
Richard Day / Adrian Trimmings
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