India Fund (IFN) Initial Form 3 Filed, No Securities Owned
Rhea-AI Filing Summary
India Fund, Inc. (IFN) Form 3 filed by Iamthongthong Pruksa on behalf of ABRDN reports that the reporting person is an Officer (Director of Adviser) and that no securities are beneficially owned in the issuer as of the reported event date 09/09/2025. The filing includes a Power of Attorney (Exhibit 24) and is signed by Robert Stieger by POA on 09/19/2025.
Positive
- Initial disclosure filed identifying reporting person and relationship to issuer
- Exhibit 24 (Power of Attorney) included and filing signed by authorized representative
Negative
- No securities beneficially owned by the reporting person, so no disclosed economic alignment with shareholders
Insights
TL;DR: Routine initial ownership filing shows the adviser director holds no beneficial shares.
This Form 3 is a standard initial Section 16 filing that discloses the reporting person’s relationship to the issuer (Officer, Director of Adviser) and explicitly states no securities are beneficially owned. The inclusion of Exhibit 24 (Power of Attorney) and a POA signature are procedural elements ensuring the filing was executed by an authorized representative. There are no transactions or holdings disclosed to assess alignment with shareholder interests.
TL;DR: Compliance disclosure completed; absence of holdings means no Section 16 transactions to monitor.
From a compliance perspective, the Form 3 satisfies initial reporting requirements by identifying the reporting person, relationship to the issuer, and providing the required signature and exhibits. Because the form states no beneficial ownership, there are no current reportable non-derivative or derivative positions under Section 16 to track. This filing is procedural and carries no immediate market impact.