During the month of November 2014, KEVL issued and allotted 80,808,080 Warrants of face value of Rs. 10 (US $ 0.17) to KSK Power Holdings Limited ("KPHL") on preferential basis at a fixed price of Rs. 99 (US $ 1.61) which are convertible into equity shares not later than 18 months from the date of allotment.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IR PGGRGGUPCGRM

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