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Indus raises £25m on AIM

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Date: Friday 06 Jun 2008

LONDON (ShareCast) - Indus Gas, an oil & gas exploration and development company based in India, started trading on AIM after it raised £25m through the placing of 15.24m shares at 164p.

The company’s shares are currently trading at 181.5p, giving it a market capitalisation of £331.99m.

“The successful admission of Indus to the AIM market represents a significant step forward for the company,” said non-executive chairman Marc Holtzman.

“The placing was extremely well supported by UK institutions and we are pleased to be able to welcome a range of new and well regarded shareholders,” he added.

Indus joins a growing number of Indian energy companies listing on AIM, including power plant operators KVK Energy and OPG Power.

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