Sign In
5 Jun 2008 08:44
ο»Ώ
|
Immediate Release |
5 June 2008Β |
KSK Power Ventur plc
('KSK' or 'The Company')
Pre IPO Equity Shares Subscription
Β
Β 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 millionΒ 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.Β USD 97.43 million).
Β Details are given below:
|
Sl. NoΒ |
Name and address of the allottees |
No. of Equity shares (millions)Β |
AmountΒ (Million Rs.)Β |
|
1Β |
Macquarie Bank Limited ,Β United KingdomΒ |
3.550Β |
852.00Β |
|
2 |
Tree Line Asia Master Fund (Singapore) Pte Ltd,Β Singapore |
3.583Β |
859.92 |
|
3Β |
Infrastructure Development Finance Company Limited,Β Mumbai,Β India |
3.125Β |
750.00Β |
|
4 |
Axis Bank Limited,Β Mumbai,Β India |
2.624Β |
629.76Β |
|
5Β |
Universities SuperannuationΒ Scheme Limited,Β United Kingdom |
1.800Β |
432.00Β |
|
6 |
GE Capital International (Mauritius)Β MauritiusΒ |
2.624Β |
629.76Β |
|
TotalΒ |
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 /Β AdrianΒ Trimmings Β |
Β
Β
Β
Β
Β
Β
Β
Β
Β
Follow the stocks
