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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Schedule TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(4)
of the Securities Exchange Act of 1934
(Amendment No. )
The India Growth Fund Inc.
(Name of Subject Company (issuer))
The India Growth Fund Inc.
(Names of Filing Persons (offeror and issuer))
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
454090101
(CUSIP Number of Class of Securities)
Paul Schubert
The India Growth Fund Inc.
c/o Mitchell Hutchins Asset Management Inc.
1285 Avenue of the Americas
New York, New York 10019
(Name, address, and telephone number of person
authorized to receive notices and
communications on behalf of filing
persons)
with a copy to:
Laurence E. Cranch, Esq.
Clifford Chance Rogers & Wells LLP
200 Park Avenue
New York, New York 10166
(212) 878-8000
Calculation of Filing Fee
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Transaction Valuation Amount of Filing Fee
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Not Applicable Not Applicable
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|_| Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: Not Applicable
Form or Registration No: Not Applicable
Filing Party: Not Applicable
Date Filed: Not Applicable
|X| Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer. Check the appropriate boxes
below to designate any transactions to which the statement relates: |_|
third-party tender offer subject to Rule 14d-1.
|X| issuer tender offer subject to Rule 13e-4.
|_| going-private transactions subject to Rule 13-e-3.
|_| amendment to Schedule 13D under rule 13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: |_|
<PAGE>
Items 1 - 11.
Not applicable.
Items 12. Materials to be Filed as Exhibits.
Text of Press Release issued by The India Growth Fund Inc. on December 15, 2000.
PRESS RELEASE
THE INDIA GROWTH FUND INC.
ANNOUNCES COMMENCEMENT DATE OF TENDER OFFER
NEW YORK, December 15, 2000 - The India Growth Fund Inc. (the
"Fund") announced today that the Fund's tender offer (the "Tender Offer") for up
to 40% of the Fund's common stock will commence on or about January 16, 2001 and
terminate on or about February 16, 2001. As announced on November 10, 2000, the
Tender Offer will be conducted at a price equal to the Fund's net asset value
per share on the last day of the tender period (or as otherwise permitted by the
rules of the Securities and Exchange Commission (the "SEC")).
The Tender Offer will be made and stockholders will be notified in
accordance with the requirements of the Securities Exchange Act of 1934, as
amended, and the Investment Company Act of 1940, as amended, either by
publication or mailing or both. The offering documents will contain such
information as is prescribed by such laws and the rules and regulations
promulgated thereunder.
The Fund is a closed-end management investment company that seeks
long-term capital appreciation through investment primarily in equity securities
of Indian companies. The Fund is traded on the New York Stock Exchange under the
trading symbol "IGF". The Fund's investment adviser is Unit Trust of India
Investment Advisory Services Limited.
This announcement is not an offer to purchase or solicitation of an
offer to sell shares of the Fund. The offer is made only by the Offer for Cash
and the related Letter of Transmittal. Holders of Fund shares should read these
documents when they are available because they contain important information.
These and other filed documents will be available to investors for free both at
the website of the Securities and Exchange Commission and from the Fund. The
offer is not being made to, nor will tenders be accepted from or on behalf of,
holders of shares in any jurisdiction in which making or accepting the offer
would violate that jurisdiction's laws.
Contact: Joanne Kilkeary, Mitchell Hutchins Asset Management Inc. (201-318-4141)
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Item 13. Information Required by Schedule 13E-3.
Not applicable.
