Reuters India – KSK Emerging India Energy Fund had raised £100 million from AIM last year to invest in Indian energy companies.
Global recession has claimed a victim in India. KSK Emerging India Energy Fund (KEF), a £100 million fund listed in London’s Alternative Investment Market, has been wound up after the shareholders passed a resolution last week demanding the same.
The shareholders – which include large hedge funds – passed a resolution on January 22 asking for the liquidation of the company and the return of funds invested by them. The delisting of the company and liquidation has come into effect from January 23. The EGM was held in Guernsey, one of the Channel Islands.
