More Indian firms AIM at London for funds

An Indian investment firm in the energy space has raised $200 million by listing in the Alternate Investment Market (AIM) here. KSK Emerging India Energy Fund Limited (KEF) on Tuesday became the fourth Indian firm to float on the AIM in the last four weeks, the London Stock Exchange (LSE) announced.

Between them, these four new Indian firms have raised about $387 million. The other three are Indus Gas, OPG Power Ventures and Mortice Ltd. LSE group equity primary markets head Tracey Pierce said, “With London now firmly established as the number one market for international companies, it makes sound sense for Indian companies with global aspirations to look to join the LSE.”

KEF’s arrival takes the total number of companies from India on the LSE market to 52, with a combined market cap of $16.8 billion. In total, Indian firms have raised $5.3 billion through flotations on the Exchange. Trading in the secondary market also remains strong, with over $5 billion worth of trading in Indian securities on the International Order Book so far this year.

52

The total number of companies from India on the LSE market

$16.8 bn

Their combined market capitalisation