Infrastructure India PLC

IIP

IM00B2QVWM67

Closed End Funds

Market Closed - London S.E. Other stock markets 11:35:10 2024-04-26 am EDT			5-day change	1st Jan Change
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Apr. 15	Infrastructure India notes recall notice for project debt	AN
Mar. 28	Develop North net asset value down amid rising rates	AN

Infrastructure India no longer selling Distribution Logistics

February 15, 2024 at 12:16 pm EST

(Alliance News) - Infrastructure India PLC on Thursday said it will no longer be selling Distribution Logistics Infrastructure Private Ltd.

Infrastructure India is an infrastructure fund investing directly into assets in India.

In September, the company said it will sell Distribution Logistics Infrastructure Private to Pristine Malwa Logistics Park Private Ltd.

On Thursday, Infrastructure India said: "Some key areas of the conditional share purchase and shareholders' agreement were subject to final agreement, which could not be reached in a manner satisfactory to the IIP Board, in the best interests of IIP shareholders, and potentially materially undervalued DLI in the board's view."

Based on this, the company said it will not sell it.

"The company is actively exploring alternatives and will provide an update to shareholders, as appropriate, in due course," Infrastructure India added.

Its shares closed flat at 0.56 pence each in London on Thursday.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Infrastructure India PLC

Infrastructure India notes recall notice for project debt	Apr. 15	AN
Develop North net asset value down amid rising rates	Mar. 28	AN
EARNINGS AND TRADING: Solid State ups outlook; Quartix trading in line	Mar. 27	AN
AIM WINNERS & LOSERS: Norman Broadbent profit swing on rising revenue	Mar. 27	AN
Infrastructure India PLC Reports Earnings Results for the Half Year Ended September 30, 2023	Mar. 27	CI
Infrastructure India PLC Reports Earnings Results for the Full Year Ended March 31, 2023	Mar. 26	CI
Infrastructure India to extend maturity of debt facilities	Mar. 04	AN
Infrastructure India PLC Provides Update on Debt Facilities	Mar. 04	CI
EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding	Feb. 29	AN
Infrastructure India in Early Talks to Sell Majority Stake in Distribution Logistics Infrastructure	Feb. 29	MT
Infrastructure India no longer selling Distribution Logistics	Feb. 15	AN
Infrastructure India extends debt facility maturity dates	Jan. 15	AN
Infrastructure India Secures Further Debt Facilities Extension Amid Delay in Asset Sale	Jan. 15	MT
Infrastructure India plc Announces Debt Facilities Update	Jan. 15	CI
Infrastructure India says disposals nearing completion	Dec. 19	AN
Infrastructure India Nears Completion of Two Asset Disposals	Dec. 19	MT
Infrastructure India agrees loan maturity extensions	Dec. 15	AN
Infrastructure India PLC Announces Debt Facilities Update	Dec. 15	CI
FTSE Russell says five companies to be removed soon from AIM	Nov. 24	AN
Helium One says Tai-3 rig temporarily shut down	23-10-30	AN
Infrastructure India Secures Extension of Debt Maturities until Mid-December	23-10-30	MT
Infrastructure India PLC Announces to Agree an Extension to the Maturity Dates of All Its Debt Facilities	23-10-30	CI
Infrastructure India shares temporarily suspended	23-10-02	AN
Infrastructure India's annual report release to be delayed	23-09-25	AN
Infrastructure India agrees USD10 million equity asset sale	23-09-06	AN

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Company Profile

Infrastructure India PLC is an Isle of Man-based closed-end investment company investing in core economic infrastructure. The Companyâs portfolio includes Distribution Logistics Infrastructure Limited (DLI), Shree Maheshwar Hydel Power Corporation Limited, Indian Energy Limited (IEL) and India Hydropower Development Company, LLC (IHDC). DLI is a national, infrastructure based, rail-linked logistics company, which develops warehousing capacity and the capability to deliver integrated supply chain solutions. Shree Maheshwar Hydel Power Corporation Limited has an approximately 400 megawatts (MG) (ten 40MW turbines) hydroelectric plant, which is located at Mandaleshwar, approximately 108 kilometers southwest of Indore in Madhya Pradesh. IEL is an independent power producer with two operating wind farms with 41.3 MW capacity. IHDC is a developer of small hydro projects, with six operational projects (62 MW) and an additional 24MW under advanced development or construction.

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Closed End Funds

Calendar

2024-12-19 - Q2 2025 Earnings Release (Projected)

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Sector Closed End Funds

	1st Jan change	Capi.
INFRASTRUCTURE INDIA PLC	-93.00%	297K
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