Small Cap World Fund Exits Aavas Financiers, Sells IndiaMART Shares

• Small Cap World Fund Inc. (Capital Group) exited Aavas Financiers and sold over 1% shares in IndiaMART InterMESH on January 14.
• HDFC Mutual Fund acquired 19.5 lakh shares (2.46%) in Aavas Financiers for Rs 280.87 crore.
• Small Cap World Fund offloaded its entire 2.48% stake (19.64 lakh shares) in Aavas for Rs 282.81 crore.
• The fund sold 6.26 lakh shares (1.04% stake) in IndiaMART InterMESH for Rs 132.17 crore.
• Nalanda India Equity Fund acquired 11.18 lakh shares (1.86% stake) in IndiaMART for Rs 236.05 crore.

Why It Matters: Small Cap World Fund divested holdings in Aavas Financiers and IndiaMART, with other funds making acquisitions.