The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SMALLCAP World Fund, Inc.
360ONE · price
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SMALLCAP World Fund, Inc., a foreign institutional investor (FII) advised by Capital Research and Management Company, sold 4,290,086 shares of 360 ONE WAM Ltd. through open market transactions on 5 May 2026. The sale reduced its holding from 7.9967% to 5.9548% of the company's total voting capital. Notably, the company's equity share capital increased significantly from 88,917,869 to 406,138,438 shares (likely due to a stock split or bonus), which affected the percentage calculations. After the transaction, SMALLCAP World Fund holds 24,184,767 shares representing 5.9548% of the expanded capital.
The FII has reduced its stake in 360 ONE WAM below the 6% threshold, indicating a significant reduction in institutional backing. Large open market selling by a major FII could signal caution or portfolio rebalancing, potentially exerting mild downward pressure on the stock.