other material
confidence high
sentiment neutral
materiality 0.55
India Fund completes rights offering, will issue ~6.2M shares at $17.75/share for ~$110M
ABERDEEN INDIA FUND, INC.
- Final subscription price $17.75 per share (93% of NAV on expiration date).
- Total shares issued: 6,237,159; gross proceeds expected ~$110 million.
- Shares expected to be issued on or about May 21, 2024.
- Offer expired May 14, 2024; included over-subscription and guaranteed delivery provisions.