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Ashoka India Equity Inv Trust Plc (AIE) Ord GBP0.01

Sell:111.00p Buy:113.50p 0 Change: 0.75p (0.66%)
Market closed Prices as at close on 21 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

Ashoka India Equity Inv Trust Plc Ord GBP0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 19 Aug 2020)

What is happening?

 

Ashoka India Equity Inv Trust Plc has announced details of a Redemption Offer, giving shareholders the opportunity to redeem all or part of their holding. You have two options to consider before noon on Tuesday 1 September 2020.

 

The price you will get for any shares sold in this offer will not be known until completion of the offer. The price will either be based on the asset value of the shares on a given date or calculated by creating a separate pool for those shareholders who elect to redeem. If a separate pool is created then you will have to wait for the assets to be realised before you get your cash, which is likely to take a number of months.

 

What are my options?

 

Option 1 – Redeem a number of Shares. If you wish to redeem a number of Shares please give us your instruction below by noon on Tuesday 1 September 2020, at which point any Shares put forward in acceptance of the Offer will be removed from your portfolio. Cash from the Redemption Offer will be credited to your account on receipt.

 

Option 2 – Take no action. Shareholders are not obliged to redeem any number of Shares. If you do not return an instruction no Shares will be redeemed on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:111.00p
Buy:113.50p
Change: 0.75p (0.66%)
Market closed Prices as at close on 21 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

Ashoka India Equity Inv Trust Plc Ord GBP0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 19 Aug 2020)

What is happening?

 

Ashoka India Equity Inv Trust Plc has announced details of a Redemption Offer, giving shareholders the opportunity to redeem all or part of their holding. You have two options to consider before noon on Tuesday 1 September 2020.

 

The price you will get for any shares sold in this offer will not be known until completion of the offer. The price will either be based on the asset value of the shares on a given date or calculated by creating a separate pool for those shareholders who elect to redeem. If a separate pool is created then you will have to wait for the assets to be realised before you get your cash, which is likely to take a number of months.

 

What are my options?

 

Option 1 – Redeem a number of Shares. If you wish to redeem a number of Shares please give us your instruction below by noon on Tuesday 1 September 2020, at which point any Shares put forward in acceptance of the Offer will be removed from your portfolio. Cash from the Redemption Offer will be credited to your account on receipt.

 

Option 2 – Take no action. Shareholders are not obliged to redeem any number of Shares. If you do not return an instruction no Shares will be redeemed on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:111.00p
Buy:113.50p
Change: 0.75p (0.66%)
Market closed Prices as at close on 21 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

Ashoka India Equity Inv Trust Plc Ord GBP0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 19 Aug 2020)

What is happening?

 

Ashoka India Equity Inv Trust Plc has announced details of a Redemption Offer, giving shareholders the opportunity to redeem all or part of their holding. You have two options to consider before noon on Tuesday 1 September 2020.

 

The price you will get for any shares sold in this offer will not be known until completion of the offer. The price will either be based on the asset value of the shares on a given date or calculated by creating a separate pool for those shareholders who elect to redeem. If a separate pool is created then you will have to wait for the assets to be realised before you get your cash, which is likely to take a number of months.

 

What are my options?

 

Option 1 – Redeem a number of Shares. If you wish to redeem a number of Shares please give us your instruction below by noon on Tuesday 1 September 2020, at which point any Shares put forward in acceptance of the Offer will be removed from your portfolio. Cash from the Redemption Offer will be credited to your account on receipt.

 

Option 2 – Take no action. Shareholders are not obliged to redeem any number of Shares. If you do not return an instruction no Shares will be redeemed on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
113.00p
Trade high:
113.50p
Year high:
119.50p
Estimated NAV:
116.85
Previous close:
113.00p
Trade low:
113.46p
Year low:
70.00p
Premium/Discount:
-3.72%
Previous:
0.50p (0.44%)
Previous:
0.50p
Volume:
24,750
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
ASHOKA INDIA E. performance chart

Premium/Discount

ASHOKA INDIA E. performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: MSCI India IMI GR INR
Annual management charge: n/a
Performance fee: Yes
Ongoing charge: 1.15%
Dividend yield: n/a
Dividend frequency: Annually
Total assets: £79m
Gross gearing: 100%
Market capitalisation:Market cap.: £76m
Shares in issue: 67.65 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB00BF50VS41

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

The investment objective of the company is to achieve long-term capital appreciation, mainly through investment in securities listed in India and listed securities of companies with a significant presence in India. The company shall invest primarily in securities listed on any recognised stock exchange in India and securities of companies with a significant presence in India that are listed on stock exchanges outside India. The company may also invest up to 10% of GA (calculated at the time of investment) in unquoted companies with a significant presence in India.

NET ASSET VALUE (NAV)

Estimated NAV: 116.85
Latest actual NAV: 116.47
Latest actual NAV date: 17 September 2020
Premium/Discount: -3.72%
12m average Premium/Discount: -1.43%
NAV frequency: Daily

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Security Weight
Nestle India Ltd 6.42%
HDFC Bank Ltd 5.84%
Infosys Ltd 5.43%
Bharti Airtel Ltd 4.77%
Asian Paints Ltd 4.22%
ICICI Bank Ltd 4.10%
HDFC Asset Management Company Limited 3.43%
Muthoot Finance Ltd 3.40%
Navin Fluorine International Ltd 3.19%
Cipla Ltd 2.92%
Sector Weight
Financial Services 28.89%
Technology 14.30%
Healthcare 13.15%
Consumer Cyclical 11.68%
Basic Materials 9.67%
Consumer Defensive 9.29%
Communication Services 6.60%
Industrials 1.34%
Real Estate 0.48%
Country Weight
India 96.53%

Key Dates

Launch date: 3 July 2018
Financial year end: June
Next AGM: December 2020
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.