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Board of KSK Energy Ventures allots equity shares to QIBs

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Capital Market

At meeting held on 09 June 2014

KSK Energy Ventures announced that in respect of issue of Equity shares of face value Rs 10 each, the Board of Directors of the Company has, at its meeting held on 09 June 2014, issued and allotted 40,404,040 equity shares of face value Rs 10 each at a price of Rs 99 per Equity Share (including share premium of Rs 89 per Equity Share) aggregating to Rs 400 crore to Qualified Institutional Buyers (QIBs) under qualified institutions placement under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.

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First Published: Jun 10 2014 | 9:28 AM IST

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