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AI brief of an SEC Form 8-K · ABERDEEN INDIA FUND, INC. (IFN)

The India Fund launches rights offering for up to 10,352,100 shares

Neutral Impact 3 of 5 financing Written later

The India Fund, Inc. (NYSE: IFN) commenced a transferable rights offering on April 18, 2024, under its effective shelf registration statement. Record date shareholders receive one right per common share held and need three rights to buy one new share, and the filing says the offering is for up to 10,352,100 shares. The offering dilutes existing holders unless they subscribe, and the rights expire May 14, 2024.

Key points

  • Record date: close of business on April 18, 2024; holders receive one right per common share owned.
  • Three rights are needed to buy one new common share; the offering covers up to 10,352,100 shares.
  • Subscription price referenced in the filing is $8.50 per share; rights expire at 5:00 p.m. Eastern time on May 14, 2024, unless extended.
  • Dealer manager is UBS Securities LLC; the Fund also entered subscription and information agent agreements with EQ Fund Solutions, LLC.

The filing

CompanyABERDEEN INDIA FUND, INC. (IFN)
Form8-K, current report
Filed with the SECApr 18, 2024, 4:35 PM ET
Accession number0001104659-24-048892

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.