PHILADELPHIA, Jan. 4, 2016 /PRNewswire/ -- The India Fund, Inc. (NYSE: IFN) (the "Fund"), a closed-end equity fund, announced today that Ms. Nisha Kumar and Ms. Nancy Yao Maasbach have been appointed to the Board of Directors as a Class I Director and Class III Director, respectively, and members of the Audit Committee and Nominating Committee, effective January 1, 2016.
Nisha Kumar has been a Managing Director and the Chief Financial Officer and Chief Compliance Officer of Greenbriar Equity Group LLC since 2011. She was previously Chief Financial Officer and Chief Administrative Officer of Rent the Runway, Inc. during 2011. From 2007-2009, Ms. Kumar served as Executive Vice President and Chief Financial Officer of AOL LLC, a subsidiary of Time Warner Inc. She is a graduate of Harvard College and received her MBA from Harvard Business School. Nisha is a member of the Council on Foreign Relations.
Nancy Yao Maasbach is the President of the Museum of Chinese in America. Prior to this position she was the executive director of the Yale-China Association, one of the oldest non-profit organizations dedicated to building U.S.-China relations at a grassroots level. Nancy has over twenty years of experience working in and covering Asia, including positions at Goldman Sachs & Co., Center for Finance and Research Analysis, and the Council on Foreign Relations. She received her MBA from the Yale School of Management and her AB in diplomacy and world affairs from Occidental College. Nancy is a member of the Council on Foreign Relations.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of a fund's portfolio. There is no assurance that the Fund will achieve its investment objective.
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SOURCE The India Fund, Inc.