SMALLCAP World Fund Reduces Stake in 360 ONE WAM Ltd. to 5.9548% via Open Market Sale
SMALLCAP World Fund, Inc. disclosed a net sale of 4,290,086 shares of 360 ONE WAM Ltd. on 05 May 2026 via the open market, reducing its stake from 7.9967% to 5.9548% of the total share/voting capital. The post-transaction holding stands at 24,184,767 shares. The equity share capital of 360 ONE WAM Ltd. after the transaction is reported at 406,138,438. The disclosure was filed on 06 May 2026 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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SMALLCAP World Fund, Inc. has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reporting a net sale of shares in 360 ONE WAM Ltd. The transaction, executed on 05 May 2026 through the open market, resulted in a reduction of the fund's stake in the company. The disclosure was submitted on 06 May 2026.
Shareholding Before and After the Transaction
Prior to the transaction, SMALLCAP World Fund, Inc. held 7,110,521 shares carrying voting rights in 360 ONE WAM Ltd., representing 7.9967% of the total share/voting capital and 7.9967% of the total diluted share/voting capital. Following the net sale of 4,290,086 shares — equivalent to a reduction of 2.0419% of the total share/voting capital — the fund's post-transaction holding stands at 24,184,767 shares, accounting for 5.9548% of both the total and diluted share/voting capital.
The table below summarises the key shareholding details as disclosed:
| Metric: | Before Transaction | After Transaction |
|---|---|---|
| Shares Carrying Voting Rights: | 7,110,521 | 24,184,767 |
| % of Total Share/Voting Capital: | 7.9967% | 5.9548% |
| % of Total Diluted Share/Voting Capital: | 7.9967% | 5.9548% |
| Shares Acquired/Sold: | — | -4,290,086 |
| % Change in Shareholding: | — | -2.0419% |
Transaction and Capital Details
The disposal was carried out as a net sale through the open market. The equity share capital/total voting capital of 360 ONE WAM Ltd. before the transaction stood at 88,917,869, while after the transaction it is reported as 406,138,438. The total diluted share/voting capital of the company after the transaction is also 406,138,438.
| Parameter: | Details |
|---|---|
| Mode of Transaction: | Net sale through open market |
| Date of Transaction: | 05 May 2026 |
| Date of Disclosure: | 06 May 2026 |
| Equity Share Capital Before Transaction: | 88,917,869 |
| Equity Share Capital After Transaction: | 406,138,438 |
| Total Diluted Share/Voting Capital After Transaction: | 406,138,438 |
Acquirer and Signatory Details
SMALLCAP World Fund, Inc. is identified as the acquirer/seller in this disclosure and does not belong to the promoter or promoter group of 360 ONE WAM Ltd. The shares of 360 ONE WAM Ltd. are listed on BSE Limited and the National Stock Exchange of India. The disclosure was signed by Christopher J. Salo, Vice President, Fund Business Management Group, on behalf of SMALLCAP World Fund, Inc., by its investment adviser, Capital Research and Management Company, from Los Angeles, California, on 06 May 2026.
Historical Stock Returns for 360 One WAM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.61% | +8.10% | +20.37% | +4.92% | +19.99% | +274.63% |
Will SMALLCAP World Fund's continued reduction in stake signal broader foreign institutional investor sentiment shifting away from Indian wealth management stocks like 360 ONE WAM?
How might the significant increase in 360 ONE WAM's total equity share capital — from ~88.9 million to ~406 million shares — impact its stock liquidity and future valuation multiples?
Could SMALLCAP World Fund's stake reduction trigger a further sell-off by other institutional investors, potentially putting downward pressure on 360 ONE WAM's share price in the near term?
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