First Day of Dealings

Date : 03/31/2010 @ 8:07AM
Source : UK Regulatory (RNS & others)
Stock : Ksk Power Ventur Plc (KSK)
Quote : 2.25  0.0 (0.00%) @ 1:00AM
Ksk Power Ventur share price Chart

First Day of Dealings


 

TIDMKSK 
 
RNS Number : 4892J 
KSK Power Ventur PLC 
31 March 2010 
 

31 March 2010 
                              KSK Power Ventur plc 
                            ("KSK" or "the Company") 
 
                              First Day of Dealings 
 
KSK Power Ventur plc announces that its ordinary shares ("Ordinary Shares") have 
today been admitted to a secondary listing on the Official List of the UK 
Listing Authority and to trading on the Main Market of the London Stock Exchange 
for listed securities (the "Introduction").  Simultaneously, trading in the 
Company's Ordinary Shares on AIM has ceased.  The Company's Ordinary Shares will 
trade under the ticker 'KSK' and the Company's ISIN (being IM00B1G29327) will 
remain unchanged. 
 
The prospectus on the Introduction is available for viewing on the Company's 
website at http://www.ksk.co.in/Prospectus_Secondary_List.pdf.  A copy has also 
been submitted to the Financial Services Authority for publication through the 
document viewing facility which is situated at The Financial Services Authority, 
25 North Colonnade, Canary Wharf, London, E14 5HS. 
 
Arden Partners plc has been appointed as financial adviser in relation to the 
Introduction and will continue to act as financial adviser and broker to the 
Company. 
 
Commenting on the move to the Main Market of the London Stock Exchange, Mr. T L 
Sankar, Chairman of KSK, said: 
 
"AIM has been an excellent platform to support KSK's development to date.  With 
a market capitalisation today of over GBP800 million, KSK is one of the largest 
companies listed on AIM.  We believe that moving the listing of our shares to 
the Main Market of the London Stock Exchange is a significant step and 
appropriate at this time as we are entering a significant new phase of 
development and growth initiatives at KSK. 
 
"In addition to the three operating power plants of Arasmeta, Sai Regency and 
Sitapuram, three further plants VS Lignite, Wardha Warora and Arasmeta Expansion 
are expected to be commissioned during the next few months and commence power 
generation, taking the cumulative operating power plant capacity under the Group 
to over 862 MW. 
 
"Further, continual progress on the 3,600 MW Wardha Chhattisgarh power project 
along with the 130 MW KSK Dibbin project is being made by KSK Energy Venture 
Limited, alongside underlying progress by the Government companies on fuel 
supply and other infrastructure which, could take the cumulative fully financed, 
operating power plant capacity being operated by the Group to over 4,500 MW 
during 2013. This level of power generation would make KSK one of the largest 
private power plant operators in India. 
 
"Also, the continual progress being made developing the Group's mineral 
interests and solar power opportunities could significantly increase business 
activities in the coming years and diversify the activities of KSK." 
 
 
For further information please contact: 
 
KSK Power Ventur plc                                                +91 40 2355 
9922 
Mr. S. Kishore, Executive Director 
Mr. K. A. Sastry, Executive Director 
 
Arden Partners plc                                                     +44 (0)20 
7614 5900 
Richard Day / Steven Douglas / Adrian Trimmings 
 
Financial Dynamics                                                    +44(0)20 
7269 7157 
Jonathan Brill / Billy Clegg / Ed Westropp 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUARBRRSAOORR 
 

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