28.03.2012 - Top sovereign fund cuts stake in Indian bluechips
The world’s second largest sovereign fund Norway’s Government Pension Fund Global has reduced equity exposure to Indian companies in 2011. According to data published on its website, the fund had equity stake in 120 Indian companies as of December 31, 2011, compared with 246 companies as of December 31, 2010. Its investments in Indian equities were worth $1.82 billion as of December 31, a steep fall from $3.47 billion worth of investments it had held in India a year ago...............................................Full Article: Source
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