Update research from QuotedData

RNS Number : 4762D

India Capital Growth Fund Limited

31 January 2018

 

India Capital Growth Fund Limited - Update research from QuotedData

31 January 2018

Moving to the main board

India Capital Growth (IGC) moved to the premium listing segment of the London Stock Exchange's main market on 24 January 2018. The board considers that this market is more appropriate for a fund of IGC's size and maturity, and provides a more suitable platform for its growth ambitions. It also believes that the move allows IGC to access an expanded investor audience, putting it on a par with its immediate peers, and that it will benefit from better liquidity in its shares, and potentially an improved rating, building on last year's narrowing discount (see pages 2 and 3). IGC's adviser thinks that slowing earnings growth in India has bottomed, and the outlook is good, but believes earnings need to grow into current valuations

and so the market may pause for breath.

Full research:

https://quoteddata.com/2018/01/india-capital-growth-moving-main-board/

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