SKIL raises US$121m on AIM

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SKIL Ports & Logistics (SPL) has raised £76 million (US$121 million) through a placement of new ordinary shares on the London Stock Exchange’s Alternative Investment Market (AIM).

SPL was established by SKIL Infrastructure to develop, own and operate port and logistics facilities in India. Its share offering fetched the largest amount raised on AIM so far this year.

Pavan Bakhshi, managing director of SPL, said: “We are delighted to have completed this deal so successfully in challenging market conditions.”

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