Executive Summary

The Company is a closed-ended investment company registered and incorporated in Guernsey. The Company's investment objective is to provide long-term capital appreciation by actively investing in companies based in India, either directly or through its subsidiaries. Once fully invested, the Company's investments will predominantly be in listed small to mid-cap Indian companies with a smaller proportion in unlisted Indian companies. Investment may also be made in large-cap listed Indian companies and in companies incorporated outside India, which have significant operations or markets in India.

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