Company Overview of The India Fund, Inc.
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
Founded in 1993
Key Executives for The India Fund, Inc.
Chief Compliance Officer and Vice President of Compliance
Chief Legal Officer and Vice President
Compensation as of Fiscal Year 2014.
The India Fund, Inc. Key Developments
HP’s Plan To Sell MphasiS Stake May Take Time
Jul 4 14
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
May 2 14
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.
The India Fund, Inc. Announces Dividend Payable on January 17, 2014
Dec 20 13
The India Fund, Inc. announced that it will pay a dividend of $0.88983 per share on January 17, 2014 to all shareholders of record as of December 31, 2013. This distribution is comprised of $0.08117 per share of net investment income, $0.00322 per share of net realized short-term capital gains and $0.80544 per share of net realized long-term capital gains.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|