KSK Power has delisted from AIM to join the main market of the London Stock Exchange. The move is indicative of India Inc’s growing appetite for overseas capital
After a little over three years on the alternative investment market (AIM) of the London Stock Exchange (LSE) Indian energy company KSK Power Ventur made its move into the exchange’s coveted Main Market on 31 March.
Commenting on the move the company’s chairman, TL Sankar, said: “AIM has been an excellent platform to support KSK’s development to date. With a market capitalization today of over £800 million (US$1.2 billion), KSK is one of the largest companies listed on AIM. We believe that moving the listing of our shares to the main market of the London Stock Exchange is a significant step and appropriate at this time as we are entering a significant new phase of development and growth initiatives at KSK.”
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Nikhilesh Panchal is a partner, Vikas Kumar is a senior associate and Madhur Kohli is an associate at Khaitan & Co. The firm acted as Indian counsel to KSK Power Ventur on its move from AIM to the Main Market of the London Stock Exchange. London-based law firm Lawrence Graham advised the company on UK law.
