Morgan Stanley India Investment Fund, Inc.'s Equity Buyback announced on October 21, 2013 has closed with 1,783,471 shares, representing 10%, for $33.62 million.
November 18, 2013 at 05:00 am
Share
The company closed its plan on November 18, 2013.
On November 19, 2013, the company announced its preliminary results of tender offer. Under the offer, approximately 8,693,564 shares were tendered, including shares tendered pursuant to notices of guaranteed delivery.
On November 25, 2013, the company announced the final results of its tender offer. Under the offer, the company has accepted for repurchase 1,783,471 shares at a price of $8.85 per share.
Morgan Stanley India Investment Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation. Under normal market conditions, substantially all, but not less than 80%, of the Fund's total assets will be invested in equity securities of Indian issuers. The Fund invests its assets over a broad spectrum of the Indian economy, including, as conditions warrant from time to time, trade, financial and business services, transport and communications, manufacturing, food processing and construction. The Fund does not invest more than 25% of its total assets in any one industry. To the extent that the Fund's assets are not invested in equity securities of Indian issuers, the remainder of its assets may be invested in debt securities of Indian issuers, and debt securities issued or guaranteed by the Indian Government or an Indian governmental. The Fund's adviser is Morgan Stanley Investment Management Inc.
Morgan Stanley India Investment Fund, Inc.'s Equity Buyback announced on October 21, 2013 has closed with 1,783,471 shares, representing 10%, for $33.62 million.
MORGAN STANLEY INDIA INVESTMENT FUND, INC. 
