News

27.07.2010

Singer Capital Markets assists Infrastructure India plc in its placing of over 3 million shares

The Board of Infrastructure India plc today announces a placing of 3,089,158 ordinary shares, to raise an amount of approximately £1.36 million, subject to approval at an extraordinary general meeting of the Company to be held on 12 August 2010.

The Group will also be looking to move to the AIM market in the near future and will soon start consultations with those shareholders not already approached with regard to this proposal, which they believe will be of benefit to shareholders as a whole as it will provide the Company with greater flexibility in relation to future corporate activity as well as anticipated associated cost savings.

Infrastructure India is an investment company focussed on Indian infrastructure assets.

Singer act as Broker and Adviser to the Company.

Singer Capital Markets Limited | One Hanover Street | London | W1S 1YZ | Tel +44 (0)20 3205 7500 | Fax +44 (0)20 3205 7550