Firm sponsors the listing of Infrastructure India plc on the London Stock
21st July 2008Infrastructure India plc is a newly incorporated closed-ended investment company which invests in Indian infrastructure assets. Its core investment focus is on India's energy and transportation sectors. The company has already invested in a hydroelectric power project in Maheshwar, India.
Infrastructure India listed on the London Stock Exchange on 30 June 2008 with an initial market capitalisation of £36.7 million.
Azhic Basirov, Head of Capital Markets at Smith & Williamson, said: "The listing shows that in a challenging environment, specialist funds continue to attract significant interest."
Rupert Cottrell, Non-Executive Chairman of Infrastructure India added: "The team at Smith & Williamson provided invaluable advice and commitment. They met the tight deadline and resolved problems as they arose."
Smith & Williamson has acted on 150 AIM transactions, with its clients raising over £1 billion.
Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Note to editors
Smith & Williamson is an independent professional and financial services group employing over 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group operates from offices in London, Belfast, Bristol, Dublin, Glasgow, Guildford, Maidstone, Salisbury, Southampton and Worcester.
Smith & Williamson Limited
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms.
Smith & Williamson Corporate Finance Limited
A member of M&A International Inc. Authorised and regulated by the Financial Services Authority. A member of the London Stock Exchange.