06 May 2010
Kemrock Industries and Exports Limited
Kemrock Industries and Exports Limited this week completed the successful fundraise of $50m through the issue of Global Depositary Receipts to international investors.
Kemrock manufactures a range of composite materials from its state of the art facilities in Vadodara, India. In addition the company is using the funds to commission the first carbon fibre facility in India, with an annual production capacity of 400 tonnes.
Kemrock is currently traded on the National Stock Exchange of India and the Bombay Stock Exchange, and the GDRs have been admitted to trading on the Luxembourg Stock Exchange.
Arkios acted as Lead Manager for the Offering.
Arkios is regulated by the Financial Services Authority