The India Fund, Inc. Announces Commencement Date Of Semi-annual Repurchase Offer

PHILADELPHIA, Aug. 23, 2013 /PRNewswire/ -- The India Fund, Inc. (NYSE: IFN) (the "Fund") announced today that the Fund's semi-annual repurchase offer will commence today and terminate on September 13, 2013.  In April 2003, stockholders of the Fund voted to adopt an interval fund structure, pursuant to which the Fund conducts periodic repurchase offers for between 5% and 25% of the Fund's outstanding common stock.  Accordingly, the Fund's Board of Directors (the "Board") authorized the Fund's repurchase offer for this semi-annual period of up to 5% of its outstanding common stock.  The Board's determination of 5% was based on its consideration of several factors, including, current economic and market environments, market pricing, market volatility, the Fund's discount, and tax consequences to the Fund and its stockholders.

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Purpose of the Repurchase Offer – The repurchase offer is intended to provide Fund stockholders who wish to have their shares repurchased based on net asset value ("NAV") with the opportunity to have at least a portion of such shares repurchased.

What to Expect – The repurchase offer will begin on August 23, 2013, and will end on September 13, 2013.  Materials will be sent to stockholders of record as of August 16, 2013, in conjunction with the start of the repurchase offer on August 23, 2013.

Price – The repurchase price of the shares will be their NAV per share at the close of regular trading on the New York Stock Exchange ("NYSE") on September 20, 2013. The shares tendered in the repurchase offer will be subject to a repurchase fee of 2% of NAV for expenses directly related to the repurchase offer.

Number of Shares – If more than 5% of the Fund's outstanding common stock is tendered, the Fund will either (1) repurchase all of the additional shares tendered, if the additional shares do not exceed 2% of the Fund's outstanding common stock, or (2) purchase 5% of the Fund's outstanding common stock on a pro-rata basis.  The Fund announced on May 13, 2013 that it will discontinue the practice of accepting all shares tendered by stockholders who own, beneficially or of record, an aggregate of not more than ninety-nine (99) shares before prorating shares tendered by others.

Deadline – The deadline for participating in the repurchase offer is 5:00 p.m. New York City time on September 13, 2013. The NAV of the shares may fluctuate between the deadline and September 20, 2013, the pricing date of the repurchase offer. The payment date for the repurchase offer is on or before September 27, 2013.

The Fund's common stock has at times traded at a premium to the Fund's NAV per share.  It may not be in a stockholder's interest to tender shares in connection with this repurchase offer if the Fund's common stock is trading at a premium. The market price of the Fund's common stock can and does fluctuate.  Accordingly, on September 20, 2013, the pricing date for this repurchase offer, the market price of the Fund's common stock may be above or below the Fund's NAV per share.

To obtain the daily NAV or the NYSE closing price of the Fund's common stock, for questions concerning the repurchase offer, or for requests for the Fund's repurchase offer materials, stockholders should contact Georgeson Inc. ("Georgeson"), the Fund's Information Agent, toll free at 1-866-297-1264, or, for banks or brokers, at 1-800-223-2064.

Neither the Fund nor its Board nor the Investment Manager, is making any recommendation to any stockholder whether to tender shares in the repurchase offer.  The Fund and the Board urge stockholders to read and evaluate the repurchase offer materials carefully before deciding whether to participate in the repurchase offer. This announcement is not an offer to purchase or a solicitation of an offer to sell shares of the Fund.  The repurchase offer is being made only through the Offer to Repurchase and the related Letter of Transmittal and upon the terms and conditions set forth therein. Holders of Fund shares should read these documents when they are available because they contain important information. These and other filed documents will be available to investors for free both at the website of the Securities and Exchange Commission and from Georgeson. The repurchase offer is not being made to, nor will tenders be accepted from or on behalf of, holders of shares in any jurisdiction in which making or accepting the repurchase offer would violate that jurisdiction's laws.

The Fund is a closed-end management investment company and its investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The Fund conducts semi-annual repurchase offers and is traded on the NYSE under the trading symbol "IFN." Aberdeen Asset Management Asia Limited serves as the Investment Manager to the Fund.  The Investment Manager is an affiliate of Aberdeen Asset Management PLC.

Information on the Fund can be obtained on the Fund's website at www.aberdeenifn.com or by calling the Fund's toll-free phone number at 1-866-839-5205.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue" or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission.

Important Information
Aberdeen Asset Management Inc. has prepared this release based on information sources believed to be accurate and reliable. Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information.

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 the fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.  International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods; these risks are generally heightened for emerging market investments and single country funds.

Aberdeen Asset Management is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen Asset Management Limited, and Aberdeen Asset Management Asia Limited (collectively, the "Aberdeen Advisers"). Each of the Aberdeen Advisers is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.

If you wish to receive this information electronically, please contact: [email protected]

SOURCE The India Fund, Inc.