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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Post-ChrysCap buy, Norwegian SWF ups its holding in NCC Ltd

Posted on 06 May 2011

A day after private equity firm ChrysCapital bought about 2.6 per cent stake in Blackstone-backed construction firm NCC Ltd (formerly Nagarjuna Construction Company), Norwegian sovereign wealth fund has raised its holding in the company by around 0.5 per cent to 7.3 per cent.

Government Pension Fund Global has acquired shares in the open market bulk of it from HSBC Global Investment Fund, one of the large institutional investors that has been encashing its shares in the recent past. The Norwegian fund bought shares at Rs 99 a piece, for Rs 12.7 crore or $2.9 million on Wednesday……………………………………….Full Article: Source


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