September 17, 2014 11:53 AM ET

Capital Markets

Company Overview of The India Fund, Inc.

Company Overview

India Fund, Inc. is a close ended equity mutual fund launched by Aberdeen Asset Management PLC. It is managed by Aberdeen Asset Management Asia Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio. It benchmarks the performance of its portfolio against the IFC Investable India Index. India Fund, Inc. was formed on December 27, 1993 and is domiciled in the Singapore.

21 Church Street

Suite 01-01 Capital Square Two

Singapore,  049480

Singapore

Founded in 1993

Phone:

65 6395 2700

Fax:

65 6632 2993

Key Executives for The India Fund, Inc.

President
Age: 40
Chief Compliance Officer and Vice President of Compliance
Age: 37
Chief Legal Officer and Vice President
Age: 43
Principal
Compensation as of Fiscal Year 2014.

The India Fund, Inc. Key Developments

The India Fund, Inc. Announces Dividend, Payable on September 30, 2014

The India Fund, Inc. announced that it will pay a dividend of USD 0.1283 per share on September 30, 2014 to all shareholders of record as of September 22, 2014.

HP’s Plan To Sell MphasiS Stake May Take Time

Hewlett-Packard Company (NYSE:HPQ) (HP) may sell stake in MphasiS Limited (BSE:526299). According to senior official close to the matter, HP’s plan to sell 60.49% stake in MphasiS will take more time, as possible buyers including private equity players and IT-BPO service companies do not seem to be very keen. According to the news report, HP has approached bankers in order to sell its stake worth INR 53.7 billion. According to the report, HP spokesperson said the company ‘does not comment on rumor or speculation.’ A senior executive stated, “HP's initial plan was to take its stock holding in Mphasis to 90%, get it de-listed and leverage it more for its own outsourcing requirements.” Baring Private Equity Partners (India) Ltd., Life Insurance Corporation of India, Bajaj Allianz Life Insurance Company Limited, The India Fund, Inc. (NYSE:IFN), and Aberdeen Global -Indian Equity Fund, together own around 30% stake in MphasiS. Mphasis share price rose 3.65% on the Bombay Stock Exchange on July 2, 2014.

The India Fund, Inc., Annual General Meeting, Jun 09, 2014

The India Fund, Inc., Annual General Meeting, Jun 09, 2014., at 12:00 US Eastern Standard Time. Location: the offices of Aberdeen Asset Management Inc.. Agenda: To consider and elect three Class II directors to the board of directors; and to consider and transact such other business as may be properly presented at the meeting or any adjournments or postponements thereof.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact The India Fund, Inc., please visit www.aberdeenifn.com/aam.nsf/usClosedIfn/home. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.