India Fund Limited offers investors the opportunity into the long-term potential of India through equities and fixed interest securities and is seeking to raise up to $100 million through its initial public offering.
This is priced at $1 per share and has a minimum subscription of $35 million. It includes one Loyalty Option exercisable at $1.00 for each share subscribed.
India Fund will be investing in Indian companies assessed by portfolio manager Kotak Mahindra as having strong business fundamentals, top quality management and superior growth prospects.
Kotak is a subsidiary of one of India’s leading diversified financial services groups, it manages Indian securities for global institutions and international high net worth investors.
Kotak Mahindra Bank is the fourth largest private sector bank in India with a market capitalisation of approximately A$21 billion and manages/advises assets of over US$10 billion.
India has recently undergone a dramatic political shift by voting into office a government led by Prime Minister Narendra Modi.
This Government has commenced the process of invigorating the reform agenda and there is already a positive reaction from global investors.
India Fund expects to trade as INF once it is listed.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
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