KSK Energy allots shares to QIBs

Our Bureau Hyderabad | Updated on June 10, 2014 Published on June 10, 2014

KSK Energy Ventures Ltd has allotted equity shares to Qualified Institutional Buyers (QIBs) as decided and approved by the board of directors of the company at its meeting on Monday.

In a statement to the BSE, the company informed that the board has 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 as per the Securities and Exchange Board of India regulations.

Published on June 10, 2014
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