5th 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
|
Related Shares:
KSK.L