IFN
The India Fund, Inc.13.67
+0.10+0.74%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
551.51MP/E (TTM)
-Basic EPS (TTM)
-0.27Dividend Yield
0.17%Recent Filings
8-K
Rights offering raises $110M
The India Fund completed its transferable rights offering on May 15, 2024, issuing 6,237,159 shares at $17.75 each, raising about $110 million in gross proceeds. The offering, which ran from April 19 to May 14, priced at 93% of the closing NAV to boost capital for investments. Shares issue on or about May 21. This influx strengthens the fund's position amid market fluctuations.
8-K
India Fund starts rights offering
The India Fund launched a rights offering on April 18, 2024, distributing transferable rights to shareholders of record that day, allowing them to buy up to 10,352,100 new common shares—one for every three rights held, with an over-subscription option for unclaimed shares. The subscription price sets at 92.5% of the five-day average NYSE closing price ending May 14, 2024, or 93% of NAV if higher, aiming to raise capital while giving loyal holders priority access. Rights expire May 14. This bolsters the fund's assets for India investments, yet dilution looms for non-participants.
8-K
IFN launches rights offering
The India Fund, Inc. announced a rights offering on April 8, 2024, approved by its Board to boost assets for Indian equity investments. Shareholders of record on April 18 will receive one transferable right per share, allowing purchase of one new share for every three rights at a subscription price of 92.5% of the five-day average closing price or 93% of NAV, whichever is higher, with the offer expiring May 14. This lets investors buy at a discount, yet dilutes existing holdings if not exercised. Rights trade as IFN RT on NYSE.
8-K
Auditor switch completed
The India Fund, Inc. switched auditors on August 8, 2017, with PricewaterhouseCoopers LLP resigning and KPMG LLP stepping in as the new independent registered public accounting firm for the fiscal year ending December 31, 2017. PwC's reports on the two prior fiscal years contained no adverse opinions, qualifications, disagreements, or reportable events. The clean transition underscores steady financial oversight. No disruptions expected.
8-K
Directors resign ahead of meeting
The India Fund announced on June 13, 2017, that Director Stephane R.F. Henry will not seek re-election at the June 21 annual meeting, while J. Marc Hardy will resign as a Class III Director effective that date. The board plans to shrink its size post-meeting, thanking both for their contributions. This shift trims oversight amid the fund's closed-end structure. No further details on replacements emerged.
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