The India Fund announces final results of semi-annual repurchase offer

The India Fund announced the final results of the Funds semi-annual repurchase offer for its shares of common stock.

New York, Mar 25 : The India Fund announced the final results of the Fund's semi-annual repurchase offer for its shares of common stock.

The repurchase offer and withdrawal rights expired on March 14. The Fund offered to repurchase up to five per cent of its outstanding shares of common stock for cash at a price approximately equal to net asset value as of March 24.

As of March 14, 42,516,770.8348 Fund shares were outstanding.

Approximately 4,071,660.2142 shares were validly tendered and not withdrawn prior to the expiration of the Fund's repurchase offer.

The repurchase amount of five per cent of Fund shares represents approximately 2,125,838 shares outstanding.

The shares accepted for tender will receive cash at a repurchase offer price of 44.0216 dollars, which is equal to the Fund's net asset value per share of 44.92 dollars as of March 24, less a repurchase fee of $0.8984 per share.

Cash payment for the repurchased shares will be issued on or before March 28. After the repurchase offer, the Fund will have approximately 40,390,932.8348 shares outstanding.

The Fund is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol "IFN."

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment Manager is an affiliate of The Blackstone Group L.P.

Information on the Fund can be obtained on the Blackstone website (www.blackstone.com) or by calling the Fund's toll-free phone number at 1-866-800-8933.

ANI