Indian Energy boosts AIM
Wind-Power group Indian Energy has raised £9.75 million in a placing with existing stakeholders and new investment from Insight Investment Management, Scottish Widows, AXA and Standard Life – securing another public offering for London’s junior AIM market.
The energy group is based in Guernsey, with offices in Mumbai and London, owns and operates a wind farm near Hubli, India – is intending to build a portfolio of wind farms increasing their current energy output sixfold by 2013.
The company now has a market capitalisation on listing of £20.3 million whereby the new equities make up nearly half of the groups total share capital.
Source;
The Daily Telegraph, Business