The India Fund, Inc. Announces Expiration of Semi-Annual Repurchase Offer

PHILADELPHIA, March 19, 2012 /PRNewswire/ -- The India Fund, Inc.  (NYSE: IFN; the "Fund") announced today the expiration of the Fund's semi-annual repurchase offer for shares of its common stock. The repurchase offer and withdrawal rights expired on Friday, March 16, 2012.  The Fund offered to repurchase up to 5% of the outstanding shares of its common stock for cash at a price approximately equal to net asset value as of March 23, 2012.

As of Friday, March 16, 2012, 40,841,946.94 Fund shares were outstanding.  The repurchase amount of 5% of Fund shares represents approximately 2,042,097 shares outstanding.  The preliminary count by BNY Mellon Investment Servicing (U.S.) Inc., the Fund's transfer agent, indicated that approximately 8,841,730 shares (approximately 21.65% of the Fund's outstanding shares) were validly tendered and not withdrawn prior to the expiration of the Fund's repurchase offer.  This determination is subject to final confirmation and the proper delivery of all shares tendered and not withdrawn, including shares tendered pursuant to the guaranteed delivery procedure.  446,637 shares are estimated to be subject to this guarantee.  Since more than 5% of the Fund's outstanding shares were tendered, the Fund will accept shares tendered on a pro-rata basis.  It is expected that approximately 22.35% of the non-odd lot shares tendered will be accepted for payment. Shares will be repurchased for cash at a price equal to their net asset value as of the close of regular trading on the New York Stock Exchange ("NYSE") on March 23, 2012, subject to a repurchase fee of 2% of net asset value per share, which will be deducted from the repurchase price.

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 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.

Important Information

Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The 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 Ltd. 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.