Norway's Sovereign Fund Sells Stake in Home First Finance, Reduces Holding to 5.41%
2025-01-14
Business Line
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 highlights the ongoing trend of foreign investment in Indian companies, with many global investors, including pension funds and institutional investors, actively trading in the Indian stock market. The sale is expected to have a minor impact on the company's stock price, as the market reacts to the news. With this sale, the Norway Fund's holding in Home First Finance has decreased, marking a notable change in its investment portfolio.
