India Capital Growth Fund Limited (IGC), the LSE premium-listed investment company focused on Indian equities, has announced the purchase of 10,000 ordinary shares for treasury at a volume-weighted average price of 180.00p per share, executed on 11 November 2026. The transaction reduces the number of shares in free circulation and updates the total voting rights figure used by shareholders for regulatory disclosure purposes. Following the buyback, the company's issued share capital excluding treasury shares stands at 63,885,124 ordinary shares, which now serves as the official denominator under FCA Disclosure Guidance and Transparency Rules.

Key Points

  • India Capital Growth Fund Limited (IGC) — LSE premium-listed, Guernsey-registered closed-ended investment company
  • The company purchased 10,000 ordinary shares of 1p each for treasury on 11 November 2026 at 180.00p per share
  • Total voting shares now stand at 63,885,124; treasury shares held total 48,617,049
  • Investors should monitor further buyback activity and any changes to the voting rights denominator in subsequent announcements

IGC Purchases 10,000 Shares at 180.00p with No Price Variation on 11 November 2026

The board of India Capital Growth Fund Limited confirmed that the company acquired 10,000 ordinary shares of 1p each for treasury on 11 November 2026. The volume-weighted average price paid was 180.00p per share, with both the lowest and highest prices recorded at exactly 180.00p, indicating the entire transaction was executed at a single uniform price. The shares are held in treasury rather than being cancelled, a distinction that affects voting rights calculations but preserves the option to reissue them in future under applicable company law and regulatory frameworks.

IGC's Post-Buyback Share Capital: 63,885,124 Voting Shares and 48,617,049 in Treasury

Following this transaction, India Capital Growth Fund's total issued share capital, including treasury shares, amounts to 112,502,173 ordinary shares. Of these, 48,617,049 are held in treasury and therefore carry no voting rights. The remaining 63,885,124 shares represent the total ordinary shares with voting rights currently in issue. The announcement confirms that shareholders should use the figure of 63,885,124 as the denominator when calculating whether they are required to notify the company or the FCA of an interest or change in interest under the Disclosure Guidance and Transparency Rules.

How IGC's India-Focused Mid and Small Cap Strategy Shapes Its Capital Management Approach

India Capital Growth Fund was established to capture long-term investment opportunities in Indian-listed and private companies, with a predominant focus on mid and small cap equities. The fund is registered and incorporated in Guernsey and listed on the premium segment of the London Stock Exchange. Liontrust serves as the company's alternative investment fund manager and investment manager, with Shore Capital acting as financial adviser and broker. The fund's buyback activity is a routine capital management tool for closed-ended investment companies and may reflect the board's view on the relationship between the prevailing share price and underlying net asset value.