×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

KSK Energy lists 2.2% down on BSE

KSK Energy lists 2.2% down on BSE
Comment E-mail Print Share
First Published: Mon, Jul 14 2008. 10 35 AM IST
Reuters
Mumbai: Shares of power producer KSK Energy Ventures Ltd debuted at Rs234.80 on the stock exchanges on 14 July, down 2.2% from the issue price of Rs240a share.
The shares were trading at Rs212.50 on the BSE at 9.57 a.m., after touching a low of Rs205.10.
The company raised Rs8.31 billion through an initial public offer of 34.611 million shares, and another Rs4.15 billion through a pre-IPO share placement to investors including Macquarie, Axis Bank, GE Capital and Infrastructure Development Finance Corporation, at the same price.
KSK will invest the proceeds in a 1,800 megawatt thermal power plant under development in Chattisgarh, and another 130 MW hydropower plant in Arunachal Pradesh, totally costing Rs75.6 billion.
Comment E-mail Print Share
First Published: Mon, Jul 14 2008. 10 35 AM IST
More Topics: KSK Energy | Listing | BSE | NSE | IPO |