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Float values KSK at £101m

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Date: Monday 09 Jun 2008

LONDON (ShareCast) - KSK Emerging India Energy Fund, an investment company focused on the Indian power and energy sector, started trading on AIM this morning.

The float values the group, which also listed on the Channel Islands Stock Exchange, at £101m.

“We are delighted with the market's response to our strategy and the $200m raised represents the largest fundraising on AIM this year. We are now well placed to launch the fund, deploy this capital quickly and grow our fund management business,” said non-executive director Tanmay Das.

“Our investment pipeline continues to develop and we are confident of exposing the fund to a number of the future success stories in the sector, generating significant returns for shareholders along the way,” Das added.

Grant Thornton is acting as nominated adviser and Liberum Capital is acting as financial adviser and broker.

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