The Indian stock market dropped another 4% falling below 11000, after yesterdays 6% drop. What does this mean for India Fund Inc. holders? Well it probably means another drop today. Yesterday, I said it might be time to get into IFN, well today might be even better than yesterday to get in. I would also expect the premiums to drop from 30% levels, however they should remain attractive enough to make the rights offer worthwhile.
No news from the Fund as far as the Rights Offer yet.