The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SMALLCAP World Fund, Inc.
TIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SMALLCAP World Fund, Inc., a foreign institutional investor advised by Capital Research and Management Company, sold 46,42,110 equity shares (2.4072%) of Tube Investments of India Ltd through open market transactions on 28 January 2026. Prior to this sale, the fund held 1,07,92,862 shares representing 5.5805% of the company. Post-sale, its holding has come down to 61,50,752 shares or 3.1733% of the share capital. The acquirer is not part of the promoter/promoter group. This is a revised disclosure filed under SEBI's takeover regulations.
A large FII cutting its stake by over 40% (from 5.58% to 3.17%) through open market sales could create short-term selling pressure on the stock and may signal the fund's reduced conviction in the name. However, the remaining holding is still meaningful and the company itself is unaffected operationally.