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13 Nov 2009 15:55
|
For immediate release |
13 November 2009 |
KSK Power Ventur plc
("KSKPV")
Indian subsidiary closing of Qualified Institutions Placement in India
KSK Power Ventur plc (AIM: KSK.L)("KSKPV"), is pleased to announce that further to the announcement on 10 November 2009 concerning the Qualified Institutions Placement in India by it subsidiary, KSK Energy Ventures Limited ("KSKEV"), the following notice of the bid closing and pricing has been filed with the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited, aggregating Rs.5,159.25m (approximately US $110m).
"BID CLOSING AND PRICING
The QIP Committee of the Board of Directors of KSK Energy Ventures Limited has closed the bids and approved an issue price of Rs.194.50 (including a premium of Rs.184.50) per Equity Share in connection with the proposed issue and allotment of up to 2,65,25,714 Equity Shares aggregating to Rs.5,159.25 million under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended."
For further information please contact:
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KSK Power Ventur plc |
+91 40 2355 9922 |
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S. Kishore |
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|
Arden Partners plc |
+44 (0) 020 7398 1632 |
|
Richard Day / Adrian Trimmings |
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|
Buchanan Communications |
+44 (0) 20 7466 5000 |
|
Mark Edwards / Nicola Cronk |
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