Power producer KSK Energy Ventures Ltd. plans to raise a maximum of 12.98 billion rupees through an initial public offering and a pre-IPO share placement.
The price band for the 34.611-million-share initial public offer, that opens on June 23 and closes on June 25, has been set at 240 rupees to 255 rupees per share, banking sources said.
Its promoter, London-listed KSK Power Ventures, on Friday said it issued 17.306 million shares to a clutch of institutions including Macquarie Bank, Infrastructure Development Finance Co , Axis Bank and GE Capital, at 240 rupees each, raising 4.15 billion rupees.
KSK Power Ventures, a company listed on the AIM market of London Stock Exchange, today said its Indian subsidiary has raised Rs 415.34 crore through an pre-IPO placement.
KSK Power said its subsidiary KSK Energy Ventures, has successfully completed a pre-IPO placement of 1.73 crore equity shares at a price of Rs 240 per share, a company statement said.
The company has issued shares to six financial institutions including Macquarie Bank (UK), Tree Line Asia Master Fund, Infrastructure Development Finance Company, Axis Bank, Universities Superannuation Scheme, UK and GE Capital (Mauritius).
After the big let-down for investors by Anil Ambani's Reliance Power, a little known company, KSK Energy Ventures Ltd, with negligible experience in the power sector is planning to raise around Rs 2,000 crore through an IPO. When one of the largest industrial houses in the country could not reward its IPO subscribers with good returns post-listing, it has to be seen how this issue fares on listing
KSK Power Ventur plc is India focused Power project development and Investment Company listed on Alternate Investment Market (AIM) of the London Stock Exchange.
KSK operates across India through its fully owned subsidiary, KSK Energy Ventures Limited.
KSK Power Ventur plc is a power project development company listed on Alternate Investment Market (AIM) of the London Stock Exchange. KSK operates in India through its fully owned subsidiary, KSK Energy Ventures Limited (KSKEV). Its operations in the Indian Power Sector are powered by the growth opportunities it realizes and capitalizes on. An affiliate of Lehman Brothers of USA has 33.5% stake in KSKEV.
The price band for the 34.611-million-share initial public offer, that opens on June 23 and closes on June 25, has been set at 240 rupees to 255 rupees per share, banking sources said.
Its promoter, London-listed KSK Power Ventures
KSK Power Ventures, a company listed on the AIM market of London Stock Exchange, today said its Indian subsidiary has raised Rs 415.34 crore through an pre-IPO placement.
KSK Power said its subsidiary KSK Energy Ventures, has successfully completed a pre-IPO placement of 1.73 crore equity shares at a price of Rs 240 per share, a company statement said.
The company has issued shares to six financial institutions including Macquarie Bank (UK), Tree Line Asia Master Fund, Infrastructure Development Finance Company, Axis Bank, Universities Superannuation Scheme, UK and GE Capital (Mauritius).
After the big let-down for investors by Anil Ambani's Reliance Power, a little known company, KSK Energy Ventures Ltd, with negligible experience in the power sector is planning to raise around Rs 2,000 crore through an IPO. When one of the largest industrial houses in the country could not reward its IPO subscribers with good returns post-listing, it has to be seen how this issue fares on listing
KSK Power Ventur plc is India focused Power project development and Investment Company listed on Alternate Investment Market (AIM) of the London Stock Exchange.
KSK operates across India through its fully owned subsidiary, KSK Energy Ventures Limited.
KSK Power Ventur plc is a power project development company listed on Alternate Investment Market (AIM) of the London Stock Exchange. KSK operates in India through its fully owned subsidiary, KSK Energy Ventures Limited (KSKEV). Its operations in the Indian Power Sector are powered by the growth opportunities it realizes and capitalizes on. An affiliate of Lehman Brothers of USA has 33.5% stake in KSKEV.
