Smallcap World Fund Increases Stake in Shaily Engineering Plastics by 2% for Rs 177 Crore

Smallcap World Fund Inc Acquires Additional Stake in Shaily Engineering Plastics

Smallcap World Fund Inc, a mutual fund owned by Capital Group, has acquired an additional 2.04% stake in Shaily Engineering Plastics, a precision plastic components maker, through open market transactions on March 12.

The fund acquired 2.98 lakh shares at Rs 1,878.41 per share and 6.43 lakh shares at Rs 1,879 per share, totaling Rs 176.88 crore. This acquisition brings the fund's total stake in Shaily Engineering Plastics to 7.13%.

Shaily Engineering Plastics shares ended 0.15% higher at Rs 1,911.4 on the National Stock Exchange, amidst high volumes.

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Block Deal in Kaynes Technology India

BofA Securities Europe SA purchased 1.16 lakh shares (equivalent to 0.17% of paid-up equity) in Kaynes Technology India, an IoT solutions-enabled integrated electronics manufacturer, at Rs 3,614.4 per share, valued at Rs 41.95 crore.

Sellers in the block deal included Kadensa Master Fund and Bluepearl Map I LP, which offloaded 46,934 shares and 69,148 shares, respectively, at the same price.

Other Market Activity

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• Santosh Industries sold 10 lakh shares (0.88% stake) in Skipper at Rs 345.55 per share, amounting to Rs 34.55 crore.
• Neo Real Asset Yield Fund acquired 15.43 units in IndiaGrid Infrastructure Trust from Sankhya Financial Services at Rs 162.68 per unit, totaling Rs 25.11 crore.
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