India Fund, Inc. Files 8-K with Material Agreement

TL;DR

India Fund (IFN) filed an 8-K today, looks like a material agreement was signed.

AI Summary

On April 18, 2024, The India Fund, Inc. filed an 8-K report. The filing indicates the company entered into a material definitive agreement and also reported other events. Financial statements and exhibits were also included in the filing.

Why It Matters

This filing signals a significant contractual development for The India Fund, Inc., which could impact its operations and financial standing.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report detailing corporate events and agreements, without immediate negative financial implications.

Key Players & Entities

• INDIA FUND, INC. (company) — Registrant
• April 18, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — stock of beneficial interest, par value $0.001 per share (the "Common Shares"), of the

Filing Documents

• tm2411118d2_8k.htm (8-K) — 35KB
• tm2411118d2_ex1-1.htm (EX-1.1) — 388KB
• tm2411118d2_ex5-1.htm (EX-5.1) — 12KB
• tm2411118d2_ex10-1.htm (EX-10.1) — 45KB
• tm2411118d2_ex10-2.htm (EX-10.2) — 46KB
• tm2411118d2_ex99-1.htm (EX-99.1) — 29KB
• tm2411118d2_ex99-2.htm (EX-99.2) — 12KB
• tm2411118d2_ex99-3.htm (EX-99.3) — 7KB
• tm2411118d2_ex10-2img001.jpg (GRAPHIC) — 2KB
• tm2411118d2_ex5-1001.jpg (GRAPHIC) — 5KB
• tm2411118d2_ex99-2img001.jpg (GRAPHIC) — 145KB
• tm2411118d2_ex99-2img002.jpg (GRAPHIC) — 286KB
• 0001104659-24-048892.txt ( ) — 1510KB
• ifn-20240418.xsd (EX-101.SCH) — 4KB
• ifn-20240418_def.xml (EX-101.DEF) — 26KB
• ifn-20240418_lab.xml (EX-101.LAB) — 36KB
• ifn-20240418_pre.xml (EX-101.PRE) — 25KB
• tm2411118d2_8k_htm.xml (XML) — 5KB

01

Item 1.01. Entry into a Material Definitive Agreement. On April 18, 2024, The India Fund, Inc. (NYSE: IFN) (the "Fund") entered into a dealer manager agreement (the "Dealer Manager Agreement") by and among the Fund, abrdn Asia Limited and UBS Securities LLC in connection with the issuance by the Fund to the holders of record (the "Record Date Shareholders") at the close of business on April 18, 2024 (the "Record Date") transferable rights entitling such Record Date Shareholders to subscribe for up to 10,352,100 shares of common stock of beneficial interest, par value $0.001 per share (the "Common Shares"), of the Fund (the "Offer"). The Record Date Shareholders will receive one Right for each outstanding Common Share owned on the Record Date. The Rights entitle the holders to purchase one new Common Share for every three Rights held (1 for 3). Record Date Shareholders who fully exercise their Rights will be entitled to subscribe, subject to certain limitations and subject to allotment, for additional Common Shares covered by any unexercised Rights. Any Record Date Shareholder that owns fewer than three Common Shares as of the close of business on the Record Date is entitled to subscribe for one full Common Share in the Offer. The Offer has been made pursuant a prospectus supplement, dated April 18, 2024 and the accompanying prospectus, dated April 5, 2024, each of which constitute part of the Fund's effective shelf registration statement on Form N-2 (File No. 333-276892) previously filed with the Securities and Exchange Commission (the "Registration Statement"). The foregoing description of the Dealer Manager Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Dealer Manager Agreement filed with this report as Exhibit 1.1 and incorporated herein by reference. In connection with the Offer, the Fund entered into a Subscription Agent Agreement dated as of April 17, 2024 with EQ Fund Solutions, LLC ("Subs

01

Item 8.01. Other Events On April 18, 2024, the Fund commenced the Offer pursuant to the Fund's Registration Statement. A copy of the opinion of Dechert LLP relating to the legality of the Offer is filed as Exhibit 5.1 to this report. The Fund incorporates by reference the exhibits filed herewith into the Registration Statement.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits 1.1 Dealer Manager Agreement 5.1 Opinion of Dechert LLP 10.1 Subscription Agent Agreement 10.2 Information Agent Agreement 23.1 Consent of Dechert LLP (included in Exhibit 5.1) 99.1 Form of Notice of Guaranteed Delivery for Rights Offering 99.2 Form of Subscription Certificate for Rights Offering 99.3 Form of Instrument of Designation of Rights SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The India Fund, Inc. Date: April 18, 2024 By: /s/ Lucia Sitar Name: Lucia Sitar Title: Vice President and Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR