LUIS F. RUBIO - 14 May 2024 Form 4 Insider Report for INDIA FUND, INC. (IFN)

Role
Director
Signature
/s/ Katherine A. Corey, by POA from Reporting Person
Issuer symbol
IFN
Transactions as of
14 May 2024
Net transactions value
$0
Form type
4
Filing time
16 May 2024, 13:42:26 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IFN Common Stock Exercise of in-the-money or at-the-money derivative security +333 +33% 1,333 14 May 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IFN Transferable Subscription Right (right to buy) Exercise of in-the-money or at-the-money derivative security -1,000 -100% 0 14 May 2024 Common Stock 333 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 18, 2024, The India Fund, Inc. (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of April 18, 2024 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 10,352,100 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitled their holders to purchase one new common share for every three Rights held. The subscription price per common share was $17.75 and was fixed as of the close of the subscription period on May 14, 2024 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, (continued in footnote 2)
F2 which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $17.75 per common share, additional common shares of the Fund, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription right in full, but did not exercise the oversubscription privilege. The subscription rights expired on May 14, 2024 at 5:00 p.m. Eastern time.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney