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THE INDIA GROWTH FUND ISSUES STATEMENT ON PRICING

 THE INDIA GROWTH FUND ISSUES STATEMENT ON PRICING
 NEW YORK, July 9 /PRNewswire/ -- The India Growth Fund, Inc. (the


"fund") (NYSE: IGF) is a closed-end, diversified management investment company seeking long-term capital appreciation through investment primarily in equity securities of Indian companies. Today, the fund announced that since June 10, 1992, current market prices for approximately 80 percent of the fund's securities portfolio have not been available for purposes of calculating the fund's weekly net asset value. This is due to the fact that no trading has been taking place on the Bombay Stock Exchange (BSE) due to uncertainties prevailing in the market caused by the recent securities scandals in the country.
 As a result, the calculation of the fund's weekly net asset value made since June 10, 1992 have been based upon determinations of the fund's securities for which current market quotations were not available made by the fund's board of directors acting through its valuation committee (for the most part these values have approximated the market prices of these securities on June 10, 1992, the last day for which market quotations were available on the BSE).
 -0- 7/9/92
 /CONTACT: Bruce D. Katz, assistant treasurer of the India Growth Fund, 212-713-2928, or Vincent L. Pereira of Mitchell Hutchins Asset Management, 212-713-3041, for India Growth Fund/
 (IGF) CO: India Growth Fund Inc. ST: New York IN: FIN SU:


TS-TQ -- NY017 -- 7775 07/09/92 10:06 EDT
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Publication:PR Newswire
Date:Jul 9, 1992
Words:239
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