Smallcap World Fund Inc on Wednesday offloaded 25 lakh shares of life science firm Hikal Ltd for over Rs 62 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund sold 25,00,000 shares at an average price of Rs 249.02 apiece, valuing the transaction size at Rs 62.25 crore. As of March 2022, Smallcap World Fund owned a 3.47 per cent stake in the company. Shares of Hikal Ltd closed 2.39 per cent lower at Rs 249.25 apiece on BSE.
Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half-year ended March 31, 2022
Submission of transcript of Earnings call for quarter and financial year ended March 31, 2022 under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
The inflationary pressures and a sharp rise in input costs of raw material, energy and solvents, the management expects industry growth to be tapered and margins to be contract in the current fiscal.
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