Infrastructure India PLC saw a third knocked off its market value at one stage on Wednesday, with its stock hitting an intraday low of 20p before rebounding to 40p around the session end.
The volatility followed the joint release of the AIM-quoted infrastructure fund’s 2022 year-end and 2023 half-year results.
As of 30 September 2022, the value of the group's investments was £194.1mln compared to £263.1mln as of 30 September 2021.
The first half of the fiscal year was dominated by discussions and due diligence around the sale of Indian Energy Limited (IEL).
Infrastructure India currently has a market capitalisation of £2.7mln.