The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Welcome stories


12 October 2010
12/10/2010 The London Stock Exchange welcomes Caparo Energy Limited to AIM

Caparo Energy Limited is a company focused on becoming one of the leading independent power producers in India.

The Group will seek to generate predictable and long-term cash flows by building up a portfolio of wind power generating assets in the Indian wind energy market.

Caparo Energy Limited intends to acquire and develop a portfolio of wind farms with a target total annual installed capacity of up to 5,000 MW, which it intends to develop in two phases: In Phase I, the Group has successfully negotiated a business partnership agreement with Suzlon, a leading wind turbine generator manufacturer, to acquire 3,000 MW with a target completion date of 2016. Phase II consists of 2,000 MW with a target completion date of 2017.

caparo

Shares will be quoted on the AIM market of the London Stock Exchange. The Company has raised £50.2 million through a placing of 43,636,000 new ordinary shares by Mirabaud Securities, representing 26.7% of the enlarged ordinary share capital of the Company.  The approximate market capitalisation of the Company following Admission is £188.2 million. The shares will be admitted to trading at 08.00 hours on 12 October 2010.

Ravi Kailas, Chief Executive of Caparo Energy Limited, said: “We are delighted that the AIM flotation of the Company has been completed successfully and we now look forward to working with our new institutional shareholders.”

The Nominated Advisor is Strand Hanson Limited. The Broker is Mirabaud Securities LLP.

.

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds