India Fund completes rights offering, expects about $110 million in gross proceeds
The India Fund announced the final results of its transferable rights offering, which allowed holders to subscribe for up to 10,352,100 shares of common stock. The press release says the exercised rights will result in the issuance and sale of 6,237,159 shares, while the 8-K states 6,442,659 shares, so the final count is not consistent across the two documents. The offering increases the number of shares outstanding, and the shares are expected to be issued on or about May 21, 2024.
Key points
- Final subscription price was $17.75 per share, set at 93% of net asset value per share at the close on May 14, 2024
- Offering ran from April 19, 2024, and expired May 14, 2024
- Press release cites 6,237,159 shares issued and gross proceeds of about $110 million; the 8-K cites 6,442,659 shares
- Shares expected to be issued on or about May 21, 2024
The filing
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 May 16, 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.