Small Cap World Fund exits Aavas Financiers, sells over 1% shares in IndiaMART

markets

• Small Cap World Fund exits Aavas Financiers
• Small Cap World Fund sells over 1% shares in IndiaMART InterMESH
• Motilal Oswal Mutual Fund offloads 0.5% stake in Polycab India

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Small Cap World Fund Inc, managed by global investment management firm Capital Group, exited Aavas Financiers and sold over 1 percent shares in IndiaMART InterMESH via open market transactions on January 14.

As per the bulk deals data published by exchanges, HDFC Mutual Fund has acquired 19.5 lakh shares (equivalent to 2.46 percent of paid-up equity) in Aavas, the housing finance company, for Rs 280.87 crore.

However, Small Cap World Fund exited Aavas by offloading its entire holding of 19.64 lakh shares (2.48 percent stake) for Rs 282.81 crore. Both have done this transaction at a price of Rs 1,440 per share.

Meanwhile, Smallcap World Fund sold 6.26 lakh shares (1.04 percent stake) in IndiaMART InterMESH, the Noida-headquartered B2B online marketplace company, for Rs 132.17 crore. The fund was holding 1.83 percent stake in the company as of September 2025.

However, Nalanda India Equity Fund, managed by Singapore-based investment organisation Nalanda Capital, has acquired 11.18 lakh shares (1.86 percent stake) for Rs 236.05 crore.

The transaction price for the IndiaMART deal was Rs 2,110 per share.

Aavas Financiers shares fell 0.23 percent to Rs 1,443.6 and IndiaMART InterMESH stock declined 1.95 percent to Rs 2,114.5 amid significantly higher volumes on the NSE.

Polycab India shares also corrected 3.06 percent to Rs 7,323.5 amid high volumes, may be after Motilal Oswal Mutual Fund sold 7.61 lakh shares (0.5 percent stake) at Rs 7,350.02 per share, for Rs 559.4 crore.

As of September 2025, Motilal Oswal Nifty India Manufacturing ETF held 3.85 percent shares in Polycab, the wires and cables manufacturing company.