The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for New World Fund, Inc.
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New World Fund, Inc., a foreign investor managed by Capital Research and Management Company, sold 9,214,138 shares (2.10%) of PB Fintech Ltd through the open market on 12 November 2025. Its holding fell from 22,795,194 shares (5.05%) to 13,581,056 shares (2.96%) of the company. This is a net sale transaction disclosed under SEBI's Takeover Regulations, and the acquirer is not part of the promoter group. The company's total equity share capital increased from 45.12 crore to 45.93 crore shares around the same period.
A significant foreign institutional investor cutting its stake by over 40% of its previous holding could create short-term selling pressure and signal reduced conviction from a major global fund. Retail investors should watch for any further disclosures, as continued trimming by large FIIs often weighs on stock sentiment.