LONDON - Ashoka India Equity Investment Trust PLC (LSE:AIE) has issued a correction regarding the details of its recent share issuance under its block listing facility. The company announced on Monday that it incorrectly released information about the transaction and has now provided the accurate details.
According to the corrected statement, on Monday, Ashoka India Equity Trust issued 150,000 ordinary shares at a price of 296.10 pence each. This issuance price represents a premium to the prevailing net asset value (cum income) per ordinary share. The transaction was part of the company's ongoing efforts to raise capital.
Following this issuance, the total issued share capital of the company now stands at 163,689,643 ordinary shares, all of which carry voting rights. This updated number of shares will serve as the denominator for shareholders to calculate percentage holdings for disclosure obligations as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company, which specializes in Indian equity investments, has a Legal Entity Identifier (LEI) of 213800KX5ZS1NGAR2J89. The issuance is part of Ashoka India Equity Trust's strategy to provide investors with exposure to a diversified portfolio of Indian equities.
The information for this article is based on a press release statement from Ashoka India Equity Investment Trust PLC.
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