Stmt re Share Price Movement & Press Speculation

RNS Number : 6364P

Infrastructure India plc

10 February 2023

 

10 February 2023

Infrastructure India plc

("IIP" or the "Company" or, together with its subsidiaries, the "Group")

Statement re Share Price Movement and Press Speculation

Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, notes the recent share price movement and the press speculation in relation to one of the Company's investee companies, Distribution Logistics Infrastructure Pvt Ltd ("DLI").

IIP confirms that, as initially announced on 28 February 2022 and regularly thereafter, although it has engaged in discussions with several third parties (including advanced discussions with Pristine Logistics & Infraprojects Ltd, the named counterparty in the press speculation) regarding the potential sale of DLI, no definitive agreements have been signed.

Further announcements will be made if and when appropriate.

This announcement contains inside information for the purposes of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

- Ends -

Enquiries:

Infrastructure India plc Sonny Lulla	www.iiplc.com Via Novella
Strand Hanson Limited Nominated Adviser James Dance / Richard Johnson	[phone]
Singer Capital Markets Broker James Maxwell - Corporate Finance James Waterlow - Investment Fund Sales	[phone]
Novella Financial PR Tim Robertson / Safia Colebrook	[phone]

 

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