Infrastructure India trust sees NAV surge due to foreign exchange

Risen by 15%

The Infrastructure India trust has seen net asset value climb to £194.1m, a 15% increase from March, after the trust’s NAV dropped by 36% in the first half of the year.

In the trust's interim results, the alternative investment market quoted infrastructure trust reported its NAV had increased as a result of foreign exchange rates, principally the weakness of the pound against the dollar. This covers the six month period up to 30 September, a time the management said had been "dominated" by discussions of the sale of the trust's largest holding, Distribution Logistics Infrastructure, as well as Indian Energy Limited, the report said. It added: "Both assets have interest from multiple buyers and further announcements will be made as and when appropriat...