21st Jun 2019 18:56
(Alliance News) - Ashoka India Equity Investment Trust PLC on Friday announced a tap issue at a premium to its net asset value for a maximum of 10.0 million shares.
Since listing in 2018, the company's NAV has risen 8.3% to 106.14p on Wednesday this week from 98p at its July listing.
The tap issue price will be at a premium to the unaudited NAV per share at close on July 3, the end of the tap issue.
The tap issue will be launched immediately and the maximum number of share available under the tap issue will likely be 10.0 million.
Ashoka India shares closed down 0.4% at 107.62 pence on Friday.
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Ashoka India Equity Investment Trust Plc