Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

ICICI Lombard General Insurance buys a small stake from SmallCap World Fund Cigarette manufacturer VST Industries

14 Jun 2016Aakash Agarwal1 min read

Quick Facts

What is "ICICI Lombard General Insurance buys a small stake from SmallCap World Fund Cigarette manufacturer VST Industries" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 14 June 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Smallcap World Fund
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

VST Industries Logo

VST Industries – headquartered in Hyderabad, VST manufactures and distributes cigarettes. It started off as the formerly Vazir Sultan Tobacco Company, commonly known as VST. It has a collaboration with the BAT Group, UK.

Small Cap World Fund

Smallcap World Fund – which held 620,000 shares representing 4.02% of the share capital, reduced its stake to 393,424 shares or 2.55%. This would value the sale at Rs. 38 Crore. The buyer of this stake is ICICI Lombard General Insurance.

Smallcap World Fund is one of few small-company growth funds that invests globally. Normally, at least 80% of assets will be invested in equities of issuers having market capitalizations of $4 billion or less, measured at time of purchase.

SmallCap World Fund is managed by American Funds - an American investment management firm of mutual funds, variable annuities, individual retirement plans, 529 plans and other forms of investments. The company’s investment products focus on its actively managed mutual funds by Capital Research & Management Company, part of the Capital Group Companies, and only offer their products through financial advisors.

Here are the other holdings of the fund:

HOLDINGS OF SMALLCAP WORLD FUND AS OF MARCH-16

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.