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Pin to quick picksInfra.india Share News (IIP)

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IN BRIEF: Infrastructure India's annual report release to be delayed

Mon, 25th Sep 2023 17:37

Infrastructure India PLC - infrastructure fund investing directly into assets in India - Says it will not be in a position to publish the 2023 annual report by September 30, as required by AIM. Explains this relates to the sale, announced on September 6, of its interest in Distribution Logistics Infrastructure Private Ltd. Points out certain disclosures in the annual report in relation to the valuation of its interest in DLI are unable to be published due to Securities and Exchange Board of India restrictions. Therefore, trading in shares will be suspended from October 2. Expects to be in a position to complete the audit and to report its 2023 annual report prior to the end of 2023.

Current stock price: 0.50 pence

12-month change: up 11%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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