Lawrence graham scores KSK aim listing

Lawrence Graham advised Indian power project developer KSK Power Ventur on its sole AIM listing, making it the first Indian company not to list simultaneously in India. It is a watershed for Indian AIM listings and marks the third Indian AIM float Lawrence Graham has handled, following the IPOs of Hardy Oil & Gas and Great Eastern Energy Corporation. A restructuring saw KSK list an Isle of Man holding company on AIM, giving it a market capitalisation of $260m (£136.18m) and allowing foreign investment in Indian operations without an Indian listing. Lead partner Tom Nicholls said: “We anticipate that this will only add to the growing interest shown by Indian companies in the opportunities presented by AIM.”