Norway’s Government Pension Fund Global, the second largest sovereign wealth fund, has raised stake in consumption-driven Indian firms and cut stake in engineering and construction firms in the April-June quarter, according to the latest data on shareholding pattern from stock exchanges.
Of the 23 firms in which it held more than one per cent stake, the fund has raised stake in 16 and pared holding in five, while maintaining stake in the remaining two. Norges Bank Investment Management (NBIM), the asset management unit of Norges Bank, the central bank, manages the fund..............................................Full Article: Source
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