RNS Number:6519M
India I.T. Fund Ld
21 June 2000


The India I. T. Fund Limited (the "Company")

Proposed capital reorganisation

The Company announces that it has written to shareholders proposing that each
redeemable participating share of US$0.01 be sub-divided into two redeemable
participating shares of US$0.005 each.  An Extraordinary General Meeting of
the Company has been convened for 10 July 2000 to consider the proposal.


END

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