10/06/2008 The London Stock Exchange is delighted to welcome KSK Emerging India Energy Fund Limited to AIM.
10 June 2008
The London Stock Exchange is delighted to welcome KSK Emerging India Energy Fund Limited to AIM.
KSK Emerging India Energy Fund Limited (KEF) is an investment company focused on the Indian power and energy sector. The company will target investment in businesses that operate across the Indian power and energy sector value chain including those involved in the development of the sector’s infrastructure. Although investments will primarily be focused on such businesses in India, KEF may, if deemed appropriate, invest in companies that are based outside India but have the potential to benefit from the Indian power and energy sector.
KEF will use the funds raised from the Placing to invest in accordance with its investment objective and strategy.
Tanmay Das, Non-Executive Director of KSK Emerging India Energy Fund Limited, said: “We are delighted with the market’s response to our strategy and the US$200 million raised represents the largest fundraising on AIM this year. We are now well placed to launch the fund, deploy this capital quickly and grow our fund management business.
“Our investment pipeline continues to develop and we are confident of exposing the fund to a number of the future success stories in the sector, generating significant returns for shareholders along the way.”
Grant Thornton Corporate Finance is acting as Nominated Adviser and Liberum Capital Limited is acting as Financial Adviser and Broker.