NEW! Investment Companies Centre

New Issues Round Up

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Friday 06 Jun 2008

LONDON (ShareCast) - Indus Gas has joined a growing number of Indian energy companies listing on AIM after the oil & gas exploration and development company raised £25m through the placing of 15.24m shares at 164p.

The company’s shares opened at 200p, giving it a market capitalisation of £365m.

“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.

At the end of May, power plant operator KVK Energy announced plans to list via a placing of new shares with institutional investors, while OPG Power, which operates captive power plants (GCPPs) in India, started trading on AIM last week, having raised £65.1m through a placing of 108.42m shares at 60p each.

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).