KSK Power Ventur PLC - Update on subsidiary
Update on subsidiary
At the KSKEV shareholders' meeting on 24th May 2014, the following resolutions were passed:
1. Further issue of share capital to investors for an aggregate amount not exceeding
2. Preferential allotment of up to 150,000,000 warrants to KSK Energy Limited.
KSKEV has complied with the regulatory preparatory requirement and filed a Draft Placement Document with the local stock exchanges, that is available at http://www.nseindia.com/corporates/corporateHome.html?id=eqCorpActions.
Under Indian SEBI regulatory requirements, the maximum discount of any potential placing which would be permissible is at 5% to the average daily closing share price on Indian markets over the last two weeks of trading but further details on the placement are awaited and shall be notified upon availability.
For further information, please contact:
Arden Partners plc
This information is provided by RNS
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