28th May 2015 10:26
LONDON (Alliance News) - Elephant Capital PLC Thursday said it is continuing to dispose of its unlisted investments.
In a statement, the India-focused private equity company said its net asset value per share increased to 36 pence from 35p in the six months ended February 28.
"We continue our efforts to dispose of our remaining unlisted investments in the interests of shareholders, and are conscious of the depletion of NAV arising from the ongoing operating costs of the company," Chairman Vikram Lall said in a statement.
"Further significant returns of capital are dependent on further investment realisations," the chairman said.
Shares in Elephant Capital were untraded on Thursday. The stock last traded at 18.25p.
By Samuel Agini; [email protected]; @samuelagini
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