The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for New World Fund, Inc.
APLAPOLLO · price
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New World Fund, Inc., a US-based foreign portfolio investor managed by Capital Research and Management Company, bought 24,12,686 shares (0.8690%) of APL Apollo Tubes on 12 February 2026 through open market transactions. This takes its total holding from 4.43% (1,22,90,458 shares) to 5.30% (1,47,03,144 shares) of the company's equity capital, which stands at 27,76,36,026 shares. The acquirer is not part of the promoter group, and no encumbrances were created in the transaction. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, which is triggered when a non-promoter shareholder crosses the 5% ownership mark.
Continued buying by a large global fund signals institutional confidence in APL Apollo Tubes' prospects and adds to demand support for the stock. The stake remains well below the 10% takeover trigger threshold, so no mandatory open offer obligation arises from this purchase.