15 May 2008
KSK Emerging India Energy Fund Limited has announced its intention to float via a dual listing on AIM and the Channel Islands Stock Exchange, raising up to US$500 million. Media and investor relations advice is being provided by Abchurch Communications with dealings expected to commence in early June.
The fund is focused on the Indian power and energy sector and will target businesses across the whole power and energy sector value chain. It has already identified a strong pipeline of 14 investments, from turbine and boiler manufacturers to hydro-electric and biomass power projects.
The listing is likely be the largest on AIM so far this year and the money raised will be used to develop secondary power projects in India in response to the Indian Government’s ‘Power for All’ strategy to help increase energy capacity by 50% by 2012 and connect 40% of the population currently without direct access to power.
Grant Thornton Corporate Finance, a division of Grant Thornton UK LLP, is Nominated Adviser to the Fund and Liberum Capital Limited are Financial Adviser and Broker.
Tel: +44 (0)20 7398 7700