LONDON (Alliance News) - Infrastructure India PLC on Wednesday said it currently expects to report an unaudited net asset value per share of about 48.0 pence on September 30, a fall from the level seen at the end of March, as the rupee continued to depreciate against the pound.
The infrastructure fund's net asset value per share was 55.0 pence on March 31.
"The currency movement during the period, together with the effects of softer business conditions in India, are anticipated to impact the unaudited net asset value as at September 30, 2015," the company said.
Infrastructure India shares were down 7.9% at 17.50 pence on Wednesday afternoon.
The company said it expects to publish interim results for the six months ended September 30 in the first half of December.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Infra.india (IIP)