SMALLCAP World Fund, Inc. has significantly reduced its shareholding in IIFL Finance Ltd. through an open market transaction. The investor sold over 14.36 million shares, representing a 3.3875% reduction in its total stake. Following this divestment, the fund’s holding in the company has decreased from 5.2022% to 1.8147%. The transaction was executed on May 13, 2026.
Details of the Divestment
In a recent market activity, SMALLCAP World Fund, Inc. offloaded 14,364,701 equity shares of IIFL Finance Ltd. The transaction was conducted as a net sale through the open market. Prior to this sale, the fund held 22,082,233 shares, accounting for a 5.2022% stake in the company.
Updated Shareholding Position
Following the completion of the sale on May 13, 2026, the remaining shareholding of SMALLCAP World Fund, Inc. stands at 7,717,532 shares. This corresponds to 1.8147% of the total equity share capital of the company. The company reported a total equity capital of 425,289,575 shares following the transaction.
Transaction Summary
- Date of Sale: May 13, 2026
- Shares Sold: 14,364,701
- Previous Stake: 5.2022%
- Current Stake: 1.8147%
Source: BSE
