Yes, Oversubscription for me!
In a previous post, I mentioned that I did not get oversubscribed shares for the India Fund Inc. However, that is officialy wrong. The shares got deposited today! Yipee. Some
No Oversubscription For Me
The India Fund Inc. withdrew money from my account for IFN shares assigned to me from rights. I did not get any oversubscribed shares as yet so I’m assuming I
Closing of India Fund Inc. Rights Offer
The India Fund Rights Offer Closed today. The offering price of the shares (95% of NAV at close on Friday) is $34.00, which would mean at a current price of
India Fund Inc. (IFN) Rights Offer
Shares from the India Fund Inc. (IFN) rights offer deposited in my Scottrade account today, one day before the close of the offer. Oversubscribed shares have not yet been deposited,
India ETF Coming
Recently I read reports that PowerShares plans to introduce an India ETF in the US based on the Halter Index (HXI). However, HXI is not really an India Index. It
India Fund Inc. rights offer and Scottrade
I have my account at Scottrade and the India Fund Inc. (IFN) rights got deposited today (instead of last Monday). I called up Scottrade (Richmond) because rights offer subscriptions can
India Fund Inc. Rights Offering > 32% Return
The India Fund Inc. announced its rights offering on Friday. Shareholders as of 3rd of July receive 1 right per share. For every three rights you can buy one share of IFN at 95% of NAV on Aug 4. As of Friday (16th Jun), the premium on IFN was 32%. Assuming this premium stays high until Aug 4, you have a significant return for using the rights offer
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India Fund?? Intel Corp. & Advanced Micro devices
India Fund is up almost 5% despite another drop in the Indian Indices, with the BSE ending below 9000. This generally indicates a positive start tomorrow for Indian indices. INTC and AMD, both of which I mentioned yesterday are up over 3% after analyst upgrades. Panera
Continue readingIndia Fund?? Intel Corp. & Advanced Micro devices
End of a losing Streak for India?
Today the Indian market (^BSESN) jumped 514 points (5.5%). A similar gain is not noticed in the India Fund Inc. (IFN), probably because it did not fall yesterday along with
India Fund Inc. Once More
The Indian stock market has taken more beatings over the last two days, sending IFN down along with it. The Indian index closed below 10000 again today and all gains since Jan 27 have been erased