Smallcap World Fund sells 1.8% stake in Poly Medicure, Kedia Securities buys 2% shares in SPML Infra

Bulk Deals on January 16

• Smallcap World Fund sells 1.8% stake in Poly Medicure
• Kedia Securities buys 2% shares in SPML Infra
• Miri Strategic Emerging Markets Fund buys over 1% stake in Antony Waste Handling Cell

Did our AI summary help?

Smallcap World Fund Inc, managed by US-based global investment management firm Capital Group, sold 1.81 percent equity stake in Poly Medicure, the medical devices company, via open market transactions on January 16.

Perhaps, Poly Medicure shares may have reacted to the stake sale by Smallcap World Fund, falling 1.3 percent to Rs 1,644.9 on the NSE.

Smallcap World Fund, which held 2.02 percent stake as of September 2025, offloaded 18.37 lakh shares (equivalent to 1.81 percent of paid-up equity) for Rs 302.19 crore. The price at which the stake sale has taken place was Rs 1,645 per share.

Meanwhile, the action was also seen in SPML Infra, which surged 14.42 percent to Rs 189.77 after exchange of nearly 2 percent shares at a price of Rs 167 per share.

Ace investor Vijay Kedia-owned Kedia Securities has acquired 14.98 lakh shares (1.95 percent stake) in SPML Infra, the infrastructure development company, for Rs 25.01 crore from SPML Industries.

Antony Waste Handling Cell shares also saw significant buying interest on Friday, rising 17.95 percent to Rs 550.90. The Miri Strategic Emerging Markets Fund, the hedge fund managed by the US-based Miri Capital Management has bought additional 3 lakh shares (1.05 percent stake) at Rs 536.97 per share for Rs 16.1 crore.

Miri Capital Management already held 1.14 percent shares in the municipal solid waste management company as of December 2025.