The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for New World Fund, Inc.
MAXHEALTH · price
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New World Fund, Inc., a foreign investor managed by Capital Research and Management Company, sold 1.95 crore shares (2.02%) of Max Healthcare Institute through the open market on 29 September 2025. This reduced its holding from 6.74% (6.54 crore shares) to 4.72% (4.59 crore shares). The transaction was reported under SEBI's SAST Regulations as the stake crossed the 2% disclosure threshold. New World Fund is not part of the promoter group; it is a foreign institutional investor.
A meaningful stake sale by a large FII can create short-term selling pressure on the stock, but Max Healthcare's total equity capital grew slightly (from 96.96 crore to 97.22 crore shares) during the period, indicating dilution was not the cause. Shareholders should monitor whether further sales follow, as the fund has dropped well below the 5% mark.