SMALLCAP World Fund, Inc. has reduced its shareholding in 360 ONE WAM Ltd by 2.04% through a net sale conducted via the open market on May 5, 2026. The disclosure was filed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transaction adjusts the acquirer's position within the asset management firm, which is listed on both BSE Limited and the National Stock Exchange of India.

Prior to the transaction, SMALLCAP World Fund held 7,110,521 shares, representing 7.9967% of the total share capital. The acquirer disposed of 4,290,086 shares carrying voting rights. Following the sale, the fund's holding has decreased to 24,184,767 shares, which constitutes 5.9548% of the company's total voting capital.

The filing details the shift in ownership structure, noting that the total diluted share and voting capital of 360 ONE WAM Ltd. stands at 406,138,438 shares post-transaction. The equity share capital before the acquisition was recorded at 88,917,869. The disclosure confirms that there were no changes in holdings related to warrants, convertible securities, or encumbered shares during this period.

Shareholding Details

The table below outlines the specific changes in the shareholding pattern of SMALLCAP World Fund, Inc. in 360 ONE WAM Ltd.:

The disclosure was signed by Christopher J. Salo, Vice President of the Fund Business Management Group at Capital Research and Management Company, acting as the investment adviser for SMALLCAP World Fund, Inc. The document was submitted from Los Angeles, California, on May 6, 2026.

360 one wam has received approval from the Securities and Exchange Board of India (SEBI) to start a global asset management business in GIFT City. This regulatory clearance represents a significant milestone for the company, enabling it to establish and operate an asset management presence within India's premier international financial services centre.

SEBI Approval for GIFT City Operations

The approval from SEBI grants 360 ONE WAM the regulatory authorization required to launch its global asset management business at GIFT City. GIFT City, or Gujarat International Finance Tec-City, serves as India's dedicated international financial services hub, providing a platform for financial institutions to conduct cross-border and global business activities under a distinct regulatory framework.

Strategic Significance

Securing this approval positions 360 ONE WAM to extend its asset management capabilities to a global audience through the GIFT City corridor. The development underscores the company's focus on broadening its business footprint by leveraging the opportunities available within India's international financial services ecosystem.

The SEBI nod marks a formal step forward for 360 ONE WAM in its efforts to build a globally oriented asset management platform, with GIFT City providing the regulatory and infrastructural framework to support such operations.