Norway's Sovereign Wealth Fund Trims Stake in Home First Finance to 5.41%
In a significant development, the Norwegian Pension Fund Global, one of the world's largest sovereign wealth funds, has reduced its stake in Home First Finance to 5.41% by selling shares worth ₹77 crore through an open market transaction. This move is part of the fund's ongoing portfolio rebalancing strategy. The sale has sparked interest in the market, with investors keeping a close eye on the housing finance sector. The Norwegian fund's investment decisions are closely watched, given its substantial holdings in various Indian companies. Key players in the housing finance sector are likely to be impacted by this move, with potential implications for mortgage lending and real estate markets. Notable keywords in this space include 'sovereign wealth funds', 'housing finance', and 'portfolio rebalancing'.
