20/06/2025
We're delighted to have helped our wonderful client at JPMorgan Indian Investment Trust PLC with the launch of a tender offer as part of its proposed operational changes following a detailed review of options for the future of the company.
JPMII is the largest London-listed trust providing exposure to Indian equities with long-term growth potential.
The tender offer, for up to 30% of its outstanding share capital, will provide shareholders with a cash exit at close to NAV less costs, and at the same time the company will introduce a triennial tender offer for 100% of its outstanding share capital at a 3% discount to the prevailing NAV, the first of which is due to launch in the second quarter of financial 2028.
JPMII also proposed dividend payouts totalling at least 4% of its net asset value at the end of the preceding financial year, which would make it "the only Indian investment company paying a dividend at this time", said JPMorgan Indian.
Our thanks to our wonderful clients at Deutsche Numis and the company.
If you'd like to find out how we can help ensure the success of your tender offers, chat with us today: hello@blackandcallow.com
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