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IL&FS PE’s Shahzaad Dalal To Join Board Of Jubilant Energy

17 January, 2011

Jubilant Energy, which was listed on London’s Alternate Investment Market last year, is planning to appoint Shahzaad Dalal as a Non Executive Director. Dalal will be appointed for a period of three years subject to approval by shareholders at an Extraordinary General Meeting of the Company to be held on February 16, 2011.

IL&FS Investment Managers’ Tara India Fund holds a 1.93% stake in Jubilant Energy. Part of the Jubilant Bhartia Group, the company raised $85 million through an initial public offering to fund future exploration and the development of its assets in November 2010.  Other group firms like Jubilant Life Sciences (General Atlantic) and Jubilant FoodWorks (JPMorgan PE) have also raised funding for their ventures.

Jubilant Energy is involved in the oil & gas exploration and production (E&P) in India and overseas. It currently operates 13 blocks – 9 in India, 3 in Yemen and 1 in Australia.

Dalal is Chairman and Chief Executive Officer of IL&FS Investment Advisors LLC. He is also acting as Vice Chairman of IL&FS Investment Managers Limited, one of India’s largest private equity fund managers with $3.2 billion under management.

Dalal, aged 52, is a commerce graduate from the University of Bombay and holds a Masters in Business Administration from the Northeast Louisiana University. He has a 28 years of work experience, especially in private equity, and he is on the board of nearly 20 companies.


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IL&FS PE’s Shahzaad Dalal To Join Board Of Jubilant Energy

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