Norway Fund Trims Stake in Home First Finance to 5.41% in ₹77 Crore Deal

Business Line

In a significant move, the Norwegian Pension Fund Global, one of the world's largest funds, has reduced its stake in Home First Finance to 5.41% by selling shares worth ₹77 crore through an open market transaction. This development highlights the ongoing shifts in the investment landscape, with major funds like Norway's sovereign wealth fund recalibrating their portfolios. The deal underscores the importance of tracking institutional investor activity, especially in the context of market trends and investment strategies. Key players in the financial sector are closely watching such transactions, which can impact stock prices and market sentiment.