SMALLCAP World Fund, Inc. has significantly reduced its shareholding in Tube Investments of India Ltd through open market transactions, as disclosed under SEBI's substantial acquisition regulations. The fund sold 46.42 lakh shares on 28 January 2026, marking a notable divestment in the engineering and automotive components manufacturer.

Shareholding Changes

The transaction details reveal a substantial reduction in SMALLCAP World Fund's position in the company:

Transaction Details

The fund executed the share sale through open market transactions, representing a net disposal of 2.41% of the company's total voting capital. The transaction occurred against the backdrop of the company's equity share capital increasing from 19.34 crore shares to 19.38 crore shares.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. SMALLCAP World Fund is not part of the promoter or promoter group of Tube Investments of India Ltd, which is listed on BSE Limited and National Stock Exchange of India.

Fund Management

The regulatory filing was signed by Christopher J. Salo, Vice President of Fund Business Management Group at Capital Research and Management Company, which serves as the investment adviser for SMALLCAP World Fund, Inc. The disclosure was executed from Los Angeles, California on 30 January 2026.

The transaction reflects the fund's portfolio rebalancing strategy, reducing its exposure in the Indian engineering and automotive components sector through this significant divestment in Tube Investments of India Ltd.

Tube investment of India Limited has completed the allotment of 10,000 equity shares on January 27, 2026, following the exercise of stock options by eligible employees under the Employee Stock Option Plan 2017. The company informed both the National Stock Exchange of India and BSE Limited about this corporate action through an official communication.

Share Allotment Details

The allotment involved 10,000 equity shares with specific pricing and face value parameters. Each share carries a face value of Re. 1 and was allotted at an exercise price of Rs. 270.20 per share.

Impact on Share Capital Structure

The allotment has resulted in changes to the company's equity structure and paid-up capital. The outstanding equity shares and corresponding paid-up capital have both increased following this ESOP exercise.

ESOP Framework

The share allotment was executed under the Employee Stock Option Plan 2017, which enables eligible employees to exercise their stock options. This mechanism allows employees to acquire company shares at predetermined exercise prices, aligning employee interests with shareholder value creation.

The company secretary S Krithika digitally signed the official communication to the stock exchanges, confirming the completion of the allotment process and the resulting changes in the company's equity structure.