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 institutional investor, sold 9,214,138 shares (2.10%) of PB Fintech Ltd through open market transactions on 12 November 2025. This reduced its holding from 22,795,194 shares (5.05%) to 13,581,056 shares (2.96%) of the company. The transaction was carried out by its investment adviser, Capital Research and Management Company. The acquirer is not part of the promoter/promoter group, and no encumbrance activity was involved.
A notable reduction in FII holding may be viewed negatively by the market in the short term, as it signals a foreign fund trimming its position. However, post-sale holding of nearly 3% still represents meaningful institutional interest, and the sale was executed through the open market without any unusual terms.