SMALLCAP World Fund, Inc. Acquires 2.93% Stake in Home First Finance Co. India Ltd.
K N Mishra
08/May/2025

What's covered under the Article
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SMALLCAP World Fund, Inc. acquires 2.93% stake in Home First Finance Co., increasing total holding to 7.81%.
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Acquisition made through open market transactions on April 30, 2025, as per SEBI regulations.
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Equity share capital of the company post-acquisition stands at 102,942,137 shares.
In a regulatory disclosure dated May 7, 2025, SMALLCAP World Fund, Inc. (the Acquirer) revealed its acquisition of an additional 2.93% stake in Home First Finance Co. India Ltd. (the Target Company). This acquisition brings SMALLCAP World Fund, Inc.’s total holding in the Target Company to 7.81% of the total share/voting capital. This disclosure is made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI (SAST) Regulations).
Details of the Acquisition
Before the acquisition, SMALLCAP World Fund, Inc. held a total of 5,013,700 shares, representing 5.61% of the voting share capital of Home First Finance Co. India Ltd.. These shares were held in the form of ordinary equity shares with voting rights, with no other encumbrances, voting rights otherwise than by shares, or other instruments entitling the acquirer to receive shares in the company.
On April 30, 2025, SMALLCAP World Fund, Inc. acquired 3,023,818 shares, representing 2.93% of the total voting capital of the company, bringing its total stake to 7.81%. The acquisition was carried out through the open market, as per the terms specified in the SEBI (SAST) Regulations. Following this acquisition, the total equity share capital of the company stood at 102,942,137 shares.
The total diluted share/voting capital of Home First Finance Co. India Ltd. after the acquisition is now 106,828,944 shares, assuming the full conversion of outstanding convertible securities into equity shares.
Equity Share Capital and Total Voting Capital
Before the acquisition, the equity share capital of the Target Company was recorded at 89,367,575 shares. Post-acquisition, the equity share capital of Home First Finance Co. India Ltd. stands at 102,942,137 shares, with a total diluted share/voting capital of 106,828,944 shares.
This acquisition was carried out in compliance with the disclosure requirements under the SEBI (SAST) Regulations, which mandates the timely reporting of changes in ownership stakes, as well as transparency in open market acquisitions and other transactions affecting shareholding.
Signatory Information
This disclosure has been authorized and signed by Christopher J. Salo, Vice President of Fund Business Management Group, representing Capital Research and Management Company (Investment Adviser for SMALLCAP World Fund, Inc.), located in Los Angeles, California, USA.
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