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People & Business :: Green Issues
Biofuel Company Lists on U.K. Stock Exchange
7:54 AM MST | November 9, 2011 | Alex Scott
Nandan Cleantec (Hyderabad, India), a biofuels start-up, today has listed on the AIM (London) stock exchange. The company has raised £16.1 million ($25.6 million) in the listing of 26.8 million shares, giving it a market capitalization on admission to the AIM of £166.1 million. The share placement represents approximately 9.7% of the company’s enlarged Iissued share capital. Nandan has developed a technology for converting oil from hybrids of jatropha, an oilseed plant, into biofuel. The company says it will use the proceeds from the...
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