Two associate firms of US-based Capital Group Companies, Inc. sold stakes worth Rs 258 crore in the security firm SIS Ltd. through open market transactions on Wednesday. Buyers include Abu Dhabi Investment Authority Stable, the sovereign wealth fund of Abu Dhabi, and 360 One Mutual Fund A/C-360 One Focused Equity Fund.
Smallcap World Fund Inc. divested 51.81 lakh shares at Rs 415.02 apiece, while American Funds Insurance Series Global Small Capitalization Fund sold 10.44 lakh shares at Rs 415.02 apiece.
As of June, Smallcap World Fund, Inc. held a 3.68% stake in the private security firm.
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On the other hand, 360 One Mutual Fund A/C-360 One Focused Equity Fund bought 29.84 lakh shares, representing a 2.07% stake, at Rs 415 apiece and Abu Dhabi Investment Authority Stable bought 21.95 lakh shares, amounting to a 1.52% stake, for Rs 415 per share.
Shares of SIS closed 0.96% lower at Rs 428.90 apiece, as compared with a 0.38% advance in the NSE Nifty 50.
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