360 ONE WAM LIMITED has disclosed that SMALLCAP World Fund, Inc. reduced its shareholding in the company through an open market sale on May 5, 2026. The disclosure was submitted to the stock exchanges under Regulation 29(2) of the SEBI Takeover Regulations. SMALLCAP World Fund is not part of the promoter or promoter group of 360 ONE WAM. The shares of 360 ONE WAM are listed on the BSE and the National Stock Exchange of India.
The fund sold 42,90,086 equity shares of 360 ONE WAM, representing 2.04% of the total diluted voting capital. The transaction was executed through the open market on May 5, 2026. The sale reduced SMALLCAP World Fund's voting rights in the company from 8.00% to 5.95%.
Following the transaction, SMALLCAP World Fund's holding in 360 ONE WAM decreased to 2,41,84,767 shares, equivalent to 5.95% of the diluted voting capital. The total diluted voting capital of the company after the transaction stood at 40,61,38,438 shares. Before the sale, the fund held 71,10,521 shares in 360 ONE WAM, representing 7.9967% of the total voting capital and 8.00% of the diluted voting capital.
The equity share capital of 360 ONE WAM before the acquisition stood at 8,89,17,869 shares.
SMALLCAP World Fund, Inc. is managed by its investment adviser, Capital Research and Management Company. The disclosure was signed by Christopher J. Salo, Vice President, Fund Business Management Group, based in Los Angeles, California. SMALLCAP World Fund continues to hold more than a 5% stake in 360 ONE WAM following the transaction.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.