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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 454089103
- Market Cap
- Mid Cap · $730 Million
- IPO
- 2/15/1994
- Parent Company
- Credit Suisse Group (USB)
Fund Description: The India Fund, Inc. is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The India Fund, Inc. seeks long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies.. FUND STRATEGY: At least 80% of the Fund’s total assets are invested in equity securities of Indian companies. Its portfolio includes common stocks, warrants and short-term investments. The Fund operates through a branch in the Republic of Mauritius and invests in a range of industries, including computer software and programming, computer services, finance, diversified industries, building and construction, cement, chemicals, electronics and electrical equipment, extractive industries, engineering, diversified financial services, petroleum-related industries, pharmaceuticals, steel and telecommunications. FUND MANGEMENT: Aberdeen Asset Management Asia Limited serves as the Fund's investment manager.
Notes: April 4, 2014 -- The India Fund, Inc. (NYSE: IFN) announced today the preliminary results of its cash tender offer for up to 5,240,267 shares of its common stock, representing approximately 15% of its outstanding shares. The offer expired at 11:59 p.m. New York City Time on Thursday, April 3, 2014.
Company Contact
- Headquarters
- 1735 Market Street, 32nd Floor, Philadelphia, PA 19103
- Phone
- 215-405-5700 · Toll-Free 866-800-8933
- Fax
- 800-522-5465
- Investor Relations
- 866-839-5205 · investorrelations@aberdeen-asset.com