Pre IPO Equity Shares Subscri

RNS Number : 0390W

KSK Power Ventur PLC

05 June 2008

 



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	[phone]
S. Kishore, Executive Director
K.A.Sastry, Executive Director
Buchanan Communications	[phone]
Mark Edwards / Ben Willey
Arden Partners plc	[phone]
Richard Day / Adrian Trimmings

 

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