| |
| | |  Advertisement | | |
| |
June 10, 2008 17:43 IST
An Indian investment firm in the energy space has raised $200 million by listing in the Alternate Investment Market, joining three other firms from the country that have taken this route to raise funds.
KSK Emerging India Energy Fund Limited on Tuesday became the fourth Indian firm to float on AIM in the last four weeks, the London Stock Exchange announced.
Between them the four new Indian firms have raised about $387 million.
The other three Indian firms to have joined AIM over the past month are Indus Gas, OPG Power Ventures and Mortice Ltd.
Tracey Pierce, Head of Equity Primary Markets, London Stock Exchange Group, said, "With London now firmly established as the number one market for international companies it makes sound sense for Indian companies with global aspirations to look to join the LSE.
"The four Indian firms that have chosen to go global through AIM over the last four weeks are now benefiting from access to the world's deepest pool of international capital and a knowledgeable, outward looking, professional investor base, committed to serving emerging markets."
KEF's arrival takes the total number of companies from India on the LSE's markets to 52, with a combined market cap of $16.8 billion. In total, Indian firms have raised $5.3 billion through flotations on the Exchange.
Trading in the secondary market also remains strong, with over $5 billion worth of trading in Indian securities on the International Order Book so far this year.
© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|
| |
Email this Article 
Print this Article