The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SMALLCAP World Fund, Inc.
IIFL · price
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SMALLCAP World Fund, Inc., a US-based foreign institutional investor, sold 14,364,701 shares (3.39%) of IIFL Finance Ltd through an open market transaction on 13 May 2026. Before the sale, the fund held 22,082,233 shares (5.20%) of the company. After the transaction, their holding dropped to 7,717,532 shares (1.81%). The acquirer confirmed they do not belong to the Promoter/Promoter group. The total share capital of IIFL Finance increased slightly from 424.5 million to 425.3 million shares during this period.
This represents a significant reduction in FII holding in IIFL Finance. The 65% reduction in their stake may signal reduced foreign institutional confidence in the stock, which could put pressure on the share price near term.