KSK Energy Ventures Ltd has informed BSE that the QIP committee of the Board of Directors of the Company at its meeting held on November 10, 2009, inter alia, has decided to open the proposed issue of equity shares of face value Rs. 10 each of the Company through a qualified institutions placement (QIP) (the "Issue") in accordance with Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and has also approved a Preliminary Placement Document in respect of the Issue.