In August, India Capital Growth (IGC)’s subscription shares were converted into ordinary shares. This increased its net assets by 29.2% before costs. IGC’s manager believes that this expansion should improve liquidity in the company’s shares and lower its ongoing charges ratio. However, IGC’s manager points out that despite these positive developments, an improving outlook for India and superior performance relative to its immediate peers, IGC’s discount has wide

21 Oct 2016
India at a significant discount

Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
India at a significant discount
India Capital Growth Fund Limited (IGC:LON) | 169 0 0.0% | Mkt Cap: 143.4m
- Published:
21 Oct 2016 -
Author:
Ed Marten -
Pages:
12 -
In August, India Capital Growth (IGC)’s subscription shares were converted into ordinary shares. This increased its net assets by 29.2% before costs. IGC’s manager believes that this expansion should improve liquidity in the company’s shares and lower its ongoing charges ratio. However, IGC’s manager points out that despite these positive developments, an improving outlook for India and superior performance relative to its immediate peers, IGC’s discount has wide