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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950123-09-021282.txt : 20090709
<SEC-HEADER>0000950123-09-021282.hdr.sgml : 20090709
<ACCEPTANCE-DATETIME>20090709172600
ACCESSION NUMBER:		0000950123-09-021282
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090709
DATE AS OF CHANGE:		20090709
EFFECTIVENESS DATE:		20090709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INDIA FUND INC
		CENTRAL INDEX KEY:			0000917100
		IRS NUMBER:				133749070
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-159611
		FILM NUMBER:		09937786

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		866-800-8933

	MAIL ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDIA FUND INC /NY NEW
		DATE OF NAME CHANGE:	19940106
</SEC-HEADER>
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<TYPE>497
<SEQUENCE>1
<FILENAME>y77516be497.htm
<DESCRIPTION>497
<TEXT>
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<HEAD>
<TITLE>497</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U><B><I>For Immediate Release</I></B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">THE INDIA FUND, INC. ANNOUNCES TERMS OF RIGHTS OFFERING
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEW YORK, July&nbsp;9, 2009&#151;The India Fund, Inc. (NYSE: IFN; the &#147;Fund&#148;) announced today the terms
of its non-transferable rights offering to holders of its common stock (the &#147;Offer&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund will issue to stockholders of record on July&nbsp;20, 2009 one non-transferable right for
each whole share of common stock held. The rights will entitle stockholders to subscribe for
additional shares of the Fund&#146;s common stock at a subscription price equal to 95% of the Fund&#146;s net
asset value per share on the expiration date of the Offer, which is August&nbsp;14, 2009. Stockholders
will be able to purchase one share of common stock for every three rights held. The rights are
non-transferable and will not be admitted for trading on the New York Stock Exchange.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stockholders who fully exercise all rights issued to them will be entitled to subscribe for
additional shares at the subscription price pursuant to an over-subscription privilege. If
sufficient shares are not available to honor all requests for over-subscriptions, the Fund may, in
its discretion, issue additional shares in an amount up to 25% of the shares that were available in
the primary offering. Regardless of whether the Fund issues additional shares, if sufficient
shares are not available to honor all over-subscription requests, available shares will be
allocated pro rata among stockholders who over-subscribe based on the number of rights originally
issued to them by the Fund. If all subscription rights are exercised (including the additional
25%), the Fund will issue approximately 16,032,758 shares of its common stock in the Offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The subscription period for the Offer will be from July&nbsp;20, 2009 to August&nbsp;14, 2009, unless
extended by the Fund. The Fund expects that subscription forms, together with the prospectus, will
be mailed to stockholders on July&nbsp;20, 2009. Stockholders who hold their shares in bank or broker
name will receive the Offer materials from their bank or broker.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Registration Statement relating to the shares has been filed with the Securities and
Exchange Commission but has not yet become effective. The securities to be offered may not be sold
nor may offers to buy be accepted prior to the time that the Registration Statement becomes
effective. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of the securities to be offered in any state in which
such offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For further information regarding the Offer, or to obtain a prospectus, when available, please
contact Georgeson Shareholder Communications Inc., the Fund&#146;s information agent, at 1-866-297-1264.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund is a closed-end management investment company that seeks long-term capital
appreciation by investing primarily in Indian equity securities. The Fund conducts semi-annual
repurchase offers and is traded on the New York Stock Exchange under the trading symbol &#147;IFN.&#148;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment
Manager is an affiliate of The Blackstone Group.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please consider the Fund&#146;s investment objective, risks and charges and expenses carefully
before investing. Information on the Fund, including a periodic calculation of the Fund&#146;s net
asset value, can be obtained on Blackstone&#146;s website (http://www.blackstone.com) or by calling the
Fund&#146;s toll-free phone number at 1-866-800-8933.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Contact:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Blackstone Asia Advisors L.L.C.<BR>
1-866-800-8933</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>This press release may contain statements regarding plans and expectations for the future that
constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact are forward-looking and can be identified
by the use of words such as &#147;may,&#148; &#147;will,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;estimate,&#148; &#147;believe,&#148;
&#147;continue&#148; or other similar words. Such forward-looking statements are based on the Fund&#146;s current
plans and expectations, and are subject to risks and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements. Additional
information concerning such risks and uncertainties are contained in the Fund&#146;s filings with the
Securities and Exchange Commission.</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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