Subsidiary Opens QIP in India

RNS Number : 2899C

KSK Power Ventur PLC

10 November 2009

 



Immediate Release                                                                                                  10 November 2009 

KSK Power Ventur plc

("KSKPV")

Indian subsidiary opening of Qualified Institutions Placement in India

KSK Power Ventur plc (AIM: KSK.L), the power project company listed on the AIM market of the London Stock Exchange, with interests in multiple power plants across India, is pleased to announce that its 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 Bombay Stock Exchange Limited ("BSE"), has filed with the NSE and BSE today 10 November 2009 the following notice of its Qualified Institutions Placement in India. KSKPV holds 55.24 per cent of the shares of KSKEV:

"The QIP committee of the Board of Directors of KSKEV has, at its meeting held on 10 November 2009 decided to open the proposed issue of equity shares of face value Rs. 10 each of the Company through a qualified institutions placement (the "Issue") in accordance with Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and has also approved a Preliminary Placement Document in respect of the Issue."

For further information please contact: 

KSK Power Ventur plc                            0091 40 2355 9922 

S. Kishore 

Arden Partners plc                                   020 7398 1632 

Richard Day / Adrian Trimmings 

Buchanan Communications                       020 7466 5000 

Mark Edwards 

 

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